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Ash Housewares.
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March 30, 2009 at 1:25 PM #375296March 30, 2009 at 2:48 PM #374687
ucodegen
Participant“I am no fan of Wagoners, but I have to ask the geniuses behind the bank bailouts: When are you going to ask the TARP and bailout recipients to step down? Ken Lewis being asked to step aside after many years of running BofA ? How about Blankfein? Pandit? And the rest of the TARP recipients?”
Evidently people have a short memory. The TARP was given to both healthy and ill banks at the same time so as to make it less likely that there would be a ‘run on the bank’. This also makes it harder to tell the healthy from the sick.. Because of the restrictions that were added on after the fact, many of the good banks are now trying to pay the money back. As for BofA, they were going to step out of the purchase of Merrill Lynch, but were forced to the alter via a $20Bil shotgun (otherwise BofA would not do the deal – I am amazed about how many people get this one part wrong…. I wonder if BofA now thinks $20Bil was enough to complete it). BofA is looking at starting repayments as early as this April, possibly paying it all back by fy2010/2011…. Can GM/Chrysler do the same?
March 30, 2009 at 2:48 PM #374968Participant“I am no fan of Wagoners, but I have to ask the geniuses behind the bank bailouts: When are you going to ask the TARP and bailout recipients to step down? Ken Lewis being asked to step aside after many years of running BofA ? How about Blankfein? Pandit? And the rest of the TARP recipients?”
Evidently people have a short memory. The TARP was given to both healthy and ill banks at the same time so as to make it less likely that there would be a ‘run on the bank’. This also makes it harder to tell the healthy from the sick.. Because of the restrictions that were added on after the fact, many of the good banks are now trying to pay the money back. As for BofA, they were going to step out of the purchase of Merrill Lynch, but were forced to the alter via a $20Bil shotgun (otherwise BofA would not do the deal – I am amazed about how many people get this one part wrong…. I wonder if BofA now thinks $20Bil was enough to complete it). BofA is looking at starting repayments as early as this April, possibly paying it all back by fy2010/2011…. Can GM/Chrysler do the same?
March 30, 2009 at 2:48 PM #375146Participant“I am no fan of Wagoners, but I have to ask the geniuses behind the bank bailouts: When are you going to ask the TARP and bailout recipients to step down? Ken Lewis being asked to step aside after many years of running BofA ? How about Blankfein? Pandit? And the rest of the TARP recipients?”
Evidently people have a short memory. The TARP was given to both healthy and ill banks at the same time so as to make it less likely that there would be a ‘run on the bank’. This also makes it harder to tell the healthy from the sick.. Because of the restrictions that were added on after the fact, many of the good banks are now trying to pay the money back. As for BofA, they were going to step out of the purchase of Merrill Lynch, but were forced to the alter via a $20Bil shotgun (otherwise BofA would not do the deal – I am amazed about how many people get this one part wrong…. I wonder if BofA now thinks $20Bil was enough to complete it). BofA is looking at starting repayments as early as this April, possibly paying it all back by fy2010/2011…. Can GM/Chrysler do the same?
March 30, 2009 at 2:48 PM #375189Participant“I am no fan of Wagoners, but I have to ask the geniuses behind the bank bailouts: When are you going to ask the TARP and bailout recipients to step down? Ken Lewis being asked to step aside after many years of running BofA ? How about Blankfein? Pandit? And the rest of the TARP recipients?”
Evidently people have a short memory. The TARP was given to both healthy and ill banks at the same time so as to make it less likely that there would be a ‘run on the bank’. This also makes it harder to tell the healthy from the sick.. Because of the restrictions that were added on after the fact, many of the good banks are now trying to pay the money back. As for BofA, they were going to step out of the purchase of Merrill Lynch, but were forced to the alter via a $20Bil shotgun (otherwise BofA would not do the deal – I am amazed about how many people get this one part wrong…. I wonder if BofA now thinks $20Bil was enough to complete it). BofA is looking at starting repayments as early as this April, possibly paying it all back by fy2010/2011…. Can GM/Chrysler do the same?
March 30, 2009 at 2:48 PM #375311Participant“I am no fan of Wagoners, but I have to ask the geniuses behind the bank bailouts: When are you going to ask the TARP and bailout recipients to step down? Ken Lewis being asked to step aside after many years of running BofA ? How about Blankfein? Pandit? And the rest of the TARP recipients?”
Evidently people have a short memory. The TARP was given to both healthy and ill banks at the same time so as to make it less likely that there would be a ‘run on the bank’. This also makes it harder to tell the healthy from the sick.. Because of the restrictions that were added on after the fact, many of the good banks are now trying to pay the money back. As for BofA, they were going to step out of the purchase of Merrill Lynch, but were forced to the alter via a $20Bil shotgun (otherwise BofA would not do the deal – I am amazed about how many people get this one part wrong…. I wonder if BofA now thinks $20Bil was enough to complete it). BofA is looking at starting repayments as early as this April, possibly paying it all back by fy2010/2011…. Can GM/Chrysler do the same?
March 30, 2009 at 3:23 PM #374697
CoronitaParticipant[quote=UCGal]But, I have to comment on how funny this one statement is, FLU…
Obama was EVERYWHERE last week pushing his new bail-out-the-banks plan… Lots of speeches, town halls, lots of Tee-Vee, Leno, 60 minutes… You couldn’t hide from the man. The market went up last week (until Friday.)
.[/quote]
Yes, yes. This was a tongue and cheek. I am fully aware of the lack of correlation. But it’s just kinda funny that imho, Obama got this one right, and sort of the reaction from it.
March 30, 2009 at 3:23 PM #374978CoronitaParticipant[quote=UCGal]But, I have to comment on how funny this one statement is, FLU…
Obama was EVERYWHERE last week pushing his new bail-out-the-banks plan… Lots of speeches, town halls, lots of Tee-Vee, Leno, 60 minutes… You couldn’t hide from the man. The market went up last week (until Friday.)
.[/quote]
Yes, yes. This was a tongue and cheek. I am fully aware of the lack of correlation. But it’s just kinda funny that imho, Obama got this one right, and sort of the reaction from it.
March 30, 2009 at 3:23 PM #375157CoronitaParticipant[quote=UCGal]But, I have to comment on how funny this one statement is, FLU…
Obama was EVERYWHERE last week pushing his new bail-out-the-banks plan… Lots of speeches, town halls, lots of Tee-Vee, Leno, 60 minutes… You couldn’t hide from the man. The market went up last week (until Friday.)
.[/quote]
Yes, yes. This was a tongue and cheek. I am fully aware of the lack of correlation. But it’s just kinda funny that imho, Obama got this one right, and sort of the reaction from it.
March 30, 2009 at 3:23 PM #375199CoronitaParticipant[quote=UCGal]But, I have to comment on how funny this one statement is, FLU…
Obama was EVERYWHERE last week pushing his new bail-out-the-banks plan… Lots of speeches, town halls, lots of Tee-Vee, Leno, 60 minutes… You couldn’t hide from the man. The market went up last week (until Friday.)
.[/quote]
Yes, yes. This was a tongue and cheek. I am fully aware of the lack of correlation. But it’s just kinda funny that imho, Obama got this one right, and sort of the reaction from it.
March 30, 2009 at 3:23 PM #375321CoronitaParticipant[quote=UCGal]But, I have to comment on how funny this one statement is, FLU…
Obama was EVERYWHERE last week pushing his new bail-out-the-banks plan… Lots of speeches, town halls, lots of Tee-Vee, Leno, 60 minutes… You couldn’t hide from the man. The market went up last week (until Friday.)
.[/quote]
Yes, yes. This was a tongue and cheek. I am fully aware of the lack of correlation. But it’s just kinda funny that imho, Obama got this one right, and sort of the reaction from it.
March 30, 2009 at 5:35 PM #374726SD Realtor
ParticipantFLU I need to retract my approval of this move by OB… it is pending further review. In essence I was hoping that OB was forcing all parties involved, (especially labor) to give in and concede to the fact that they were essentially strangling the company. After listening to the exact way OB worded things in his speech today I no longer think that is the case. I think that in some bizarre way he is wanted a reorg of the company and that the burden of the reorg will be somewhat selective.
I think we will coin a new term called Barrackruptcy. So Barrack gets to pick and choose who gets wiped out.
Like I said, pending further review.
March 30, 2009 at 5:35 PM #375008ParticipantFLU I need to retract my approval of this move by OB… it is pending further review. In essence I was hoping that OB was forcing all parties involved, (especially labor) to give in and concede to the fact that they were essentially strangling the company. After listening to the exact way OB worded things in his speech today I no longer think that is the case. I think that in some bizarre way he is wanted a reorg of the company and that the burden of the reorg will be somewhat selective.
I think we will coin a new term called Barrackruptcy. So Barrack gets to pick and choose who gets wiped out.
Like I said, pending further review.
March 30, 2009 at 5:35 PM #375185ParticipantFLU I need to retract my approval of this move by OB… it is pending further review. In essence I was hoping that OB was forcing all parties involved, (especially labor) to give in and concede to the fact that they were essentially strangling the company. After listening to the exact way OB worded things in his speech today I no longer think that is the case. I think that in some bizarre way he is wanted a reorg of the company and that the burden of the reorg will be somewhat selective.
I think we will coin a new term called Barrackruptcy. So Barrack gets to pick and choose who gets wiped out.
Like I said, pending further review.
March 30, 2009 at 5:35 PM #375229ParticipantFLU I need to retract my approval of this move by OB… it is pending further review. In essence I was hoping that OB was forcing all parties involved, (especially labor) to give in and concede to the fact that they were essentially strangling the company. After listening to the exact way OB worded things in his speech today I no longer think that is the case. I think that in some bizarre way he is wanted a reorg of the company and that the burden of the reorg will be somewhat selective.
I think we will coin a new term called Barrackruptcy. So Barrack gets to pick and choose who gets wiped out.
Like I said, pending further review.
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