Greenspan- You’ve got to be kidding!

[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

[kev374]

WTF? He must be going senile.

Not going…he IS senile!!!

[kev374]

WTF? He must be going senile.

Not going…he IS senile!!!

[kev374]

WTF? He must be going senile.

Not going…he IS senile!!!

[kev374]

WTF? He must be going senile.

Not going…he IS senile!!!

[kev374]

WTF? He must be going senile.

Not going…he IS senile!!!

[drunkle]

pr:

“that we have the politicians that the voters deserve, or the ones that the CEOs deserve.”

the correct answer is: both. we got what we deserved and we deserved corporate government… bush. twice. we lose.

re voter opinions & “bailout”: agree.

homeowners, even the net borrowers will not benefit. if they get a federal grant to keep their home, they’ll pass that right along to the bank. meanwhile, they’ll be paying for their bailout along with everyone else with taxes or devalued dollars. and there’s no way they’ll get enough in grants to pay for their overpriced home if they don’t have the income. and if prices continue to slide (guaranteed, barring massive (wealthy) population influx), they’ll still be paying more than their neighbor who moves in 2 years from now.

[drunkle]

pr:

“that we have the politicians that the voters deserve, or the ones that the CEOs deserve.”

the correct answer is: both. we got what we deserved and we deserved corporate government… bush. twice. we lose.

re voter opinions & “bailout”: agree.

homeowners, even the net borrowers will not benefit. if they get a federal grant to keep their home, they’ll pass that right along to the bank. meanwhile, they’ll be paying for their bailout along with everyone else with taxes or devalued dollars. and there’s no way they’ll get enough in grants to pay for their overpriced home if they don’t have the income. and if prices continue to slide (guaranteed, barring massive (wealthy) population influx), they’ll still be paying more than their neighbor who moves in 2 years from now.

[drunkle]

pr:

“that we have the politicians that the voters deserve, or the ones that the CEOs deserve.”

the correct answer is: both. we got what we deserved and we deserved corporate government… bush. twice. we lose.

re voter opinions & “bailout”: agree.

homeowners, even the net borrowers will not benefit. if they get a federal grant to keep their home, they’ll pass that right along to the bank. meanwhile, they’ll be paying for their bailout along with everyone else with taxes or devalued dollars. and there’s no way they’ll get enough in grants to pay for their overpriced home if they don’t have the income. and if prices continue to slide (guaranteed, barring massive (wealthy) population influx), they’ll still be paying more than their neighbor who moves in 2 years from now.

[drunkle]

pr:

“that we have the politicians that the voters deserve, or the ones that the CEOs deserve.”

the correct answer is: both. we got what we deserved and we deserved corporate government… bush. twice. we lose.

re voter opinions & “bailout”: agree.

homeowners, even the net borrowers will not benefit. if they get a federal grant to keep their home, they’ll pass that right along to the bank. meanwhile, they’ll be paying for their bailout along with everyone else with taxes or devalued dollars. and there’s no way they’ll get enough in grants to pay for their overpriced home if they don’t have the income. and if prices continue to slide (guaranteed, barring massive (wealthy) population influx), they’ll still be paying more than their neighbor who moves in 2 years from now.

[drunkle]

pr:

“that we have the politicians that the voters deserve, or the ones that the CEOs deserve.”

the correct answer is: both. we got what we deserved and we deserved corporate government… bush. twice. we lose.

re voter opinions & “bailout”: agree.

homeowners, even the net borrowers will not benefit. if they get a federal grant to keep their home, they’ll pass that right along to the bank. meanwhile, they’ll be paying for their bailout along with everyone else with taxes or devalued dollars. and there’s no way they’ll get enough in grants to pay for their overpriced home if they don’t have the income. and if prices continue to slide (guaranteed, barring massive (wealthy) population influx), they’ll still be paying more than their neighbor who moves in 2 years from now.

[drunkle]

“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.”

big. fat. lol. talk about extortion, i can’t imagine what the conditions of the “request” are…

edit:
the article is not on bloomberg’s site; your link is dead.

[drunkle]

“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.”

big. fat. lol. talk about extortion, i can’t imagine what the conditions of the “request” are…

edit:
the article is not on bloomberg’s site; your link is dead.

[drunkle]

“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.”

big. fat. lol. talk about extortion, i can’t imagine what the conditions of the “request” are…

edit:
the article is not on bloomberg’s site; your link is dead.

[drunkle]

“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.”

big. fat. lol. talk about extortion, i can’t imagine what the conditions of the “request” are…

edit:
the article is not on bloomberg’s site; your link is dead.

[Author]

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