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  • September 23, 2008 at 10:24 PM #13937
    equalizer
    Participant

    “Carlyle Group CYL.UL co-founder David Rubenstein said the private equity firm may be interested in buying some assets that could be acquired by the U.S. government as part of the $700 billion financial crisis bailout effort.

    Speaking on CNBC, Rubenstein said Carlyle may be interested in acquiring some mortgage-backed securities and other assets, but he did not cite specific companies.”

    “Private equity can help by buying these assets,” Rubenstein said. “Private equity can be among the most significant buyers of assets.”

    Uhm, why cant Private Equity just buy those assets now? Mr Rube said that Govt will make money and PE will make money. If so, then why doesnt PE just make more money buying direct?? Do you smell SCAM?

    He said he hoped Congress would move quickly to approve the package and that President George W. Bush would directly discuss the issue with the American public.

    “Clearly, we needed something,” Rubenstein said.

    Something, so he can steal from the taxpayers.

    http://www.reuters.com/article/innovationNews/idUSTRE48M63H20080923?pageNumber=1&virtualBrandChannel=0

    September 23, 2008 at 10:37 PM #274528
    CA renter
    Participant

    While watching the hearing this morning and listening to Paulson’s terms, I couldn’t help but think the Paulson will be back in the private sector next year…probably with an entity that will be buying all these “illiquid” assets from the government.

    Since we, the taxpayers, get to pay the banks’ wishing prices, the govt will probably “discover” after-the-fact that they really weren’t worth that much after all, and will have to turn them around and sell them at “market price” which Bernanke is currently calling a “fire sale” price.

    So…the banks get rid of their bad paper at their wishing price, the govt (that’s us) overpays for them, then they will be resold back into the private market at their true market price (much less than what we paid for them). The private financial sector wins on both ends, and the taxpayers lose in the middle.

    If this passes, it will be the single-most obvious display of where our representatives’ loyalties lie…and it ain’t with us, folks.

    September 23, 2008 at 10:37 PM #274776
    CA renter
    Participant

    While watching the hearing this morning and listening to Paulson’s terms, I couldn’t help but think the Paulson will be back in the private sector next year…probably with an entity that will be buying all these “illiquid” assets from the government.

    Since we, the taxpayers, get to pay the banks’ wishing prices, the govt will probably “discover” after-the-fact that they really weren’t worth that much after all, and will have to turn them around and sell them at “market price” which Bernanke is currently calling a “fire sale” price.

    So…the banks get rid of their bad paper at their wishing price, the govt (that’s us) overpays for them, then they will be resold back into the private market at their true market price (much less than what we paid for them). The private financial sector wins on both ends, and the taxpayers lose in the middle.

    If this passes, it will be the single-most obvious display of where our representatives’ loyalties lie…and it ain’t with us, folks.

    September 23, 2008 at 10:37 PM #274780
    CA renter
    Participant

    While watching the hearing this morning and listening to Paulson’s terms, I couldn’t help but think the Paulson will be back in the private sector next year…probably with an entity that will be buying all these “illiquid” assets from the government.

    Since we, the taxpayers, get to pay the banks’ wishing prices, the govt will probably “discover” after-the-fact that they really weren’t worth that much after all, and will have to turn them around and sell them at “market price” which Bernanke is currently calling a “fire sale” price.

    So…the banks get rid of their bad paper at their wishing price, the govt (that’s us) overpays for them, then they will be resold back into the private market at their true market price (much less than what we paid for them). The private financial sector wins on both ends, and the taxpayers lose in the middle.

    If this passes, it will be the single-most obvious display of where our representatives’ loyalties lie…and it ain’t with us, folks.

    September 23, 2008 at 10:37 PM #274828
    CA renter
    Participant

    While watching the hearing this morning and listening to Paulson’s terms, I couldn’t help but think the Paulson will be back in the private sector next year…probably with an entity that will be buying all these “illiquid” assets from the government.

    Since we, the taxpayers, get to pay the banks’ wishing prices, the govt will probably “discover” after-the-fact that they really weren’t worth that much after all, and will have to turn them around and sell them at “market price” which Bernanke is currently calling a “fire sale” price.

    So…the banks get rid of their bad paper at their wishing price, the govt (that’s us) overpays for them, then they will be resold back into the private market at their true market price (much less than what we paid for them). The private financial sector wins on both ends, and the taxpayers lose in the middle.

    If this passes, it will be the single-most obvious display of where our representatives’ loyalties lie…and it ain’t with us, folks.

    September 23, 2008 at 10:37 PM #274849
    CA renter
    Participant

    While watching the hearing this morning and listening to Paulson’s terms, I couldn’t help but think the Paulson will be back in the private sector next year…probably with an entity that will be buying all these “illiquid” assets from the government.

    Since we, the taxpayers, get to pay the banks’ wishing prices, the govt will probably “discover” after-the-fact that they really weren’t worth that much after all, and will have to turn them around and sell them at “market price” which Bernanke is currently calling a “fire sale” price.

    So…the banks get rid of their bad paper at their wishing price, the govt (that’s us) overpays for them, then they will be resold back into the private market at their true market price (much less than what we paid for them). The private financial sector wins on both ends, and the taxpayers lose in the middle.

    If this passes, it will be the single-most obvious display of where our representatives’ loyalties lie…and it ain’t with us, folks.

    September 24, 2008 at 10:10 AM #274604
    cr
    Participant

    I think I’m going to rob a bank so they can claim the loss on insurance.

    Won’t that help the taxpayers too?

    What else could we do to “help” the taxpayers?

    September 24, 2008 at 10:10 AM #274851
    cr
    Participant

    I think I’m going to rob a bank so they can claim the loss on insurance.

    Won’t that help the taxpayers too?

    What else could we do to “help” the taxpayers?

    September 24, 2008 at 10:10 AM #274856
    cr
    Participant

    I think I’m going to rob a bank so they can claim the loss on insurance.

    Won’t that help the taxpayers too?

    What else could we do to “help” the taxpayers?

    September 24, 2008 at 10:10 AM #274903
    cr
    Participant

    I think I’m going to rob a bank so they can claim the loss on insurance.

    Won’t that help the taxpayers too?

    What else could we do to “help” the taxpayers?

    September 24, 2008 at 10:10 AM #274924
    cr
    Participant

    I think I’m going to rob a bank so they can claim the loss on insurance.

    Won’t that help the taxpayers too?

    What else could we do to “help” the taxpayers?

    September 24, 2008 at 11:46 AM #274653
    Username
    Participant

    Isn’t the Carlyle Group the one that Bush Sr is involved in? Smells like something foul and underhanded

    September 24, 2008 at 11:46 AM #274901
    Username
    Participant

    Isn’t the Carlyle Group the one that Bush Sr is involved in? Smells like something foul and underhanded

    September 24, 2008 at 11:46 AM #274906
    Username
    Participant

    Isn’t the Carlyle Group the one that Bush Sr is involved in? Smells like something foul and underhanded

    September 24, 2008 at 11:46 AM #274954
    Username
    Participant

    Isn’t the Carlyle Group the one that Bush Sr is involved in? Smells like something foul and underhanded

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