Greenspan- You’ve got to be kidding!

[drunkle]

most voters (including homeowners) don’t support a bailout according to some cnn poll, i think it was.

politicians especially care what ceo’s want. they’re the ones that got them elected, they’re the ones that pay for their junkets, they’re the ones that provide them jobs after political life.

the voters’ opinions may change as things get worse, but homeowners are not, will not be the beneficiaries of any bailout plan.

[patientrenter]

drunkle, we’ll have to disagree about which is more accurate: that we have the politicians that the voters deserve, or the ones that the CEOs deserve.

“the voters’ opinions may change as things get worse”
I agree and that was my point, except that I’d replace your “may” with “will”. And the polls are not telling the whole story on this. Already I’d say most voters support cuts in interest rates, and many here would say that’s a form of bailout. The word “bailout” has a negative connotation, so most people who support bailouts will deny they support anything that’s actually labeled a “bailout”.

“homeowners are not, will not be the beneficiaries of any bailout plan”
Some will benefit, some won’t. For example, if the bailout is accomplished mostly by increasing inflation, then homeowners who are net savers will be hurt, whereas homeowners who are net borrowers (and this is the majority) will indeed benefit, other things being equal.

Patient renter in OC

[patientrenter]

drunkle, we’ll have to disagree about which is more accurate: that we have the politicians that the voters deserve, or the ones that the CEOs deserve.

“the voters’ opinions may change as things get worse”
I agree and that was my point, except that I’d replace your “may” with “will”. And the polls are not telling the whole story on this. Already I’d say most voters support cuts in interest rates, and many here would say that’s a form of bailout. The word “bailout” has a negative connotation, so most people who support bailouts will deny they support anything that’s actually labeled a “bailout”.

“homeowners are not, will not be the beneficiaries of any bailout plan”
Some will benefit, some won’t. For example, if the bailout is accomplished mostly by increasing inflation, then homeowners who are net savers will be hurt, whereas homeowners who are net borrowers (and this is the majority) will indeed benefit, other things being equal.

Patient renter in OC

[patientrenter]

drunkle, we’ll have to disagree about which is more accurate: that we have the politicians that the voters deserve, or the ones that the CEOs deserve.

“the voters’ opinions may change as things get worse”
I agree and that was my point, except that I’d replace your “may” with “will”. And the polls are not telling the whole story on this. Already I’d say most voters support cuts in interest rates, and many here would say that’s a form of bailout. The word “bailout” has a negative connotation, so most people who support bailouts will deny they support anything that’s actually labeled a “bailout”.

“homeowners are not, will not be the beneficiaries of any bailout plan”
Some will benefit, some won’t. For example, if the bailout is accomplished mostly by increasing inflation, then homeowners who are net savers will be hurt, whereas homeowners who are net borrowers (and this is the majority) will indeed benefit, other things being equal.

Patient renter in OC

[patientrenter]

drunkle, we’ll have to disagree about which is more accurate: that we have the politicians that the voters deserve, or the ones that the CEOs deserve.

“the voters’ opinions may change as things get worse”
I agree and that was my point, except that I’d replace your “may” with “will”. And the polls are not telling the whole story on this. Already I’d say most voters support cuts in interest rates, and many here would say that’s a form of bailout. The word “bailout” has a negative connotation, so most people who support bailouts will deny they support anything that’s actually labeled a “bailout”.

“homeowners are not, will not be the beneficiaries of any bailout plan”
Some will benefit, some won’t. For example, if the bailout is accomplished mostly by increasing inflation, then homeowners who are net savers will be hurt, whereas homeowners who are net borrowers (and this is the majority) will indeed benefit, other things being equal.

Patient renter in OC

[patientrenter]

drunkle, we’ll have to disagree about which is more accurate: that we have the politicians that the voters deserve, or the ones that the CEOs deserve.

“the voters’ opinions may change as things get worse”
I agree and that was my point, except that I’d replace your “may” with “will”. And the polls are not telling the whole story on this. Already I’d say most voters support cuts in interest rates, and many here would say that’s a form of bailout. The word “bailout” has a negative connotation, so most people who support bailouts will deny they support anything that’s actually labeled a “bailout”.

“homeowners are not, will not be the beneficiaries of any bailout plan”
Some will benefit, some won’t. For example, if the bailout is accomplished mostly by increasing inflation, then homeowners who are net savers will be hurt, whereas homeowners who are net borrowers (and this is the majority) will indeed benefit, other things being equal.

Patient renter in OC

[Arty]

I guess he is getting old. Our government has no money…hello we are running over 9 trillions of debt and record deficit.

I read his book. I thought he believes government should leave the economy alone and let itself correct itself (with exception of FED watching over through monetary police, not much surprise here). Now he just speak like a true Republican: lies, damn lies, and more lies or is he a closet democrat: bailout, more bailout, wait let’s waste more money while we are at it.

There is nothing wrong with a short recession as long as we temper its fall.

[Arty]

I guess he is getting old. Our government has no money…hello we are running over 9 trillions of debt and record deficit.

I read his book. I thought he believes government should leave the economy alone and let itself correct itself (with exception of FED watching over through monetary police, not much surprise here). Now he just speak like a true Republican: lies, damn lies, and more lies or is he a closet democrat: bailout, more bailout, wait let’s waste more money while we are at it.

There is nothing wrong with a short recession as long as we temper its fall.

[Arty]

I guess he is getting old. Our government has no money…hello we are running over 9 trillions of debt and record deficit.

I read his book. I thought he believes government should leave the economy alone and let itself correct itself (with exception of FED watching over through monetary police, not much surprise here). Now he just speak like a true Republican: lies, damn lies, and more lies or is he a closet democrat: bailout, more bailout, wait let’s waste more money while we are at it.

There is nothing wrong with a short recession as long as we temper its fall.

[Arty]

I guess he is getting old. Our government has no money…hello we are running over 9 trillions of debt and record deficit.

I read his book. I thought he believes government should leave the economy alone and let itself correct itself (with exception of FED watching over through monetary police, not much surprise here). Now he just speak like a true Republican: lies, damn lies, and more lies or is he a closet democrat: bailout, more bailout, wait let’s waste more money while we are at it.

There is nothing wrong with a short recession as long as we temper its fall.

[Arty]

I guess he is getting old. Our government has no money…hello we are running over 9 trillions of debt and record deficit.

I read his book. I thought he believes government should leave the economy alone and let itself correct itself (with exception of FED watching over through monetary police, not much surprise here). Now he just speak like a true Republican: lies, damn lies, and more lies or is he a closet democrat: bailout, more bailout, wait let’s waste more money while we are at it.

There is nothing wrong with a short recession as long as we temper its fall.

[bsrsharma]

“Cash is available, and we should use that in larger amounts, as necessary, to solve the problems of the stress of this.”

WTF? He must be going senile.

Read this below; Our leaders are globe trotting with a begging bowl in hand.

————————————————————

Japanese Stocks Fall, Led by Banks on U.S. Credit-Line Request

Dec. 17 (Bloomberg) — Japanese stocks fell, led by Mitsubishi UFJ Financial Group Inc., after Nomura Holdings Inc. said the country’s three largest lenders were being asked to contribute too much to a subprime-asset bailout fund.

Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. paced the drop after the Nikkei newspaper said they will have to reply this week to a request by U.S. banks that the banks each provide a $5 billion credit line for the fund.

U.S. lenders including Citigroup Inc. are organizing a bailout fund to buy assets at structured investment vehicles, or SIVs, in hopes of preventing a fire sale as the vehicles’ need for cash rise.

“For bank shareholders, this participation request is very unpalatable,” said Tomokatsu Mori, who helps oversee $7.4 billion at Fukoku Capital Management Inc. in Tokyo. “I don’t see the logic as to why Japanese banks are being asked to save the financial system when they’ve had very little to do with the subprime problem. If they put in money once, there will be more requests in the future.” …………

http://www.bloomberg.com/apps/news?pid=20601101&sid=acqfl_owwIdE&refer=japan

[bsrsharma]

“Cash is available, and we should use that in larger amounts, as necessary, to solve the problems of the stress of this.”

WTF? He must be going senile.

Read this below; Our leaders are globe trotting with a begging bowl in hand.

————————————————————

Japanese Stocks Fall, Led by Banks on U.S. Credit-Line Request

Dec. 17 (Bloomberg) — Japanese stocks fell, led by Mitsubishi UFJ Financial Group Inc., after Nomura Holdings Inc. said the country’s three largest lenders were being asked to contribute too much to a subprime-asset bailout fund.

Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. paced the drop after the Nikkei newspaper said they will have to reply this week to a request by U.S. banks that the banks each provide a $5 billion credit line for the fund.

U.S. lenders including Citigroup Inc. are organizing a bailout fund to buy assets at structured investment vehicles, or SIVs, in hopes of preventing a fire sale as the vehicles’ need for cash rise.

“For bank shareholders, this participation request is very unpalatable,” said Tomokatsu Mori, who helps oversee $7.4 billion at Fukoku Capital Management Inc. in Tokyo. “I don’t see the logic as to why Japanese banks are being asked to save the financial system when they’ve had very little to do with the subprime problem. If they put in money once, there will be more requests in the future.” …………

http://www.bloomberg.com/apps/news?pid=20601101&sid=acqfl_owwIdE&refer=japan

[bsrsharma]

“Cash is available, and we should use that in larger amounts, as necessary, to solve the problems of the stress of this.”

WTF? He must be going senile.

Read this below; Our leaders are globe trotting with a begging bowl in hand.

————————————————————

Japanese Stocks Fall, Led by Banks on U.S. Credit-Line Request

Dec. 17 (Bloomberg) — Japanese stocks fell, led by Mitsubishi UFJ Financial Group Inc., after Nomura Holdings Inc. said the country’s three largest lenders were being asked to contribute too much to a subprime-asset bailout fund.

Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. paced the drop after the Nikkei newspaper said they will have to reply this week to a request by U.S. banks that the banks each provide a $5 billion credit line for the fund.

U.S. lenders including Citigroup Inc. are organizing a bailout fund to buy assets at structured investment vehicles, or SIVs, in hopes of preventing a fire sale as the vehicles’ need for cash rise.

“For bank shareholders, this participation request is very unpalatable,” said Tomokatsu Mori, who helps oversee $7.4 billion at Fukoku Capital Management Inc. in Tokyo. “I don’t see the logic as to why Japanese banks are being asked to save the financial system when they’ve had very little to do with the subprime problem. If they put in money once, there will be more requests in the future.” …………

http://www.bloomberg.com/apps/news?pid=20601101&sid=acqfl_owwIdE&refer=japan

[bsrsharma]

“Cash is available, and we should use that in larger amounts, as necessary, to solve the problems of the stress of this.”

WTF? He must be going senile.

Read this below; Our leaders are globe trotting with a begging bowl in hand.

————————————————————

Japanese Stocks Fall, Led by Banks on U.S. Credit-Line Request

Dec. 17 (Bloomberg) — Japanese stocks fell, led by Mitsubishi UFJ Financial Group Inc., after Nomura Holdings Inc. said the country’s three largest lenders were being asked to contribute too much to a subprime-asset bailout fund.

Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. paced the drop after the Nikkei newspaper said they will have to reply this week to a request by U.S. banks that the banks each provide a $5 billion credit line for the fund.

U.S. lenders including Citigroup Inc. are organizing a bailout fund to buy assets at structured investment vehicles, or SIVs, in hopes of preventing a fire sale as the vehicles’ need for cash rise.

“For bank shareholders, this participation request is very unpalatable,” said Tomokatsu Mori, who helps oversee $7.4 billion at Fukoku Capital Management Inc. in Tokyo. “I don’t see the logic as to why Japanese banks are being asked to save the financial system when they’ve had very little to do with the subprime problem. If they put in money once, there will be more requests in the future.” …………

http://www.bloomberg.com/apps/news?pid=20601101&sid=acqfl_owwIdE&refer=japan

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