World Turned upside down

[Arraya]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco.

How do you know? Just because the same federal reserve the created the problems tells you. And at the same time they are telling you this they are asking for more power to fix the mess. I thought the fed was created for stability? Is that what we have now?

I got news for you the economy is screwed regardless if Bear Sterns went BK or not. Is Bear Sterns going to lower gas prices, fix the deficit, pump all the money back into the economy that is missing from mortgage equity withdraws, bring manufacturing jobs back?

[barnaby33]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco. Bubblesitter, upon what set of facts do you base this claim? All you have are the people who’s direct vested interests were served by the bailout telling you it was necessary. Again thats like asking a barber if you need a haircut. Don’t bother the answer is always the same.

If the Bear Stearns deal was truly necessary, fine put all the chips on the table. Its not that hard for a public accounting of all of BS assets and liabilities to be made public so the public can know exactly what its bailing out.

The reality is it wasn’t necessary and we don’t know if Bear posed a systemic risk. If it did we’re fucked anyway. Do you think Bear was the only firm with large amounts of toxic crap on its balance sheet?

The mindless repetition of the mantras of the grand pubahs of our financial systems sound quite hollow. Everything Bernanke has said about the economy so far has been wrong. It ain’t contained, it ain’t sub-prime and more money cannot solve or ameliorate the problem. The people in charge are lying, caveat emptor.

Josh

[barnaby33]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco. Bubblesitter, upon what set of facts do you base this claim? All you have are the people who’s direct vested interests were served by the bailout telling you it was necessary. Again thats like asking a barber if you need a haircut. Don’t bother the answer is always the same.

If the Bear Stearns deal was truly necessary, fine put all the chips on the table. Its not that hard for a public accounting of all of BS assets and liabilities to be made public so the public can know exactly what its bailing out.

The reality is it wasn’t necessary and we don’t know if Bear posed a systemic risk. If it did we’re fucked anyway. Do you think Bear was the only firm with large amounts of toxic crap on its balance sheet?

The mindless repetition of the mantras of the grand pubahs of our financial systems sound quite hollow. Everything Bernanke has said about the economy so far has been wrong. It ain’t contained, it ain’t sub-prime and more money cannot solve or ameliorate the problem. The people in charge are lying, caveat emptor.

Josh

[barnaby33]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco. Bubblesitter, upon what set of facts do you base this claim? All you have are the people who’s direct vested interests were served by the bailout telling you it was necessary. Again thats like asking a barber if you need a haircut. Don’t bother the answer is always the same.

If the Bear Stearns deal was truly necessary, fine put all the chips on the table. Its not that hard for a public accounting of all of BS assets and liabilities to be made public so the public can know exactly what its bailing out.

The reality is it wasn’t necessary and we don’t know if Bear posed a systemic risk. If it did we’re fucked anyway. Do you think Bear was the only firm with large amounts of toxic crap on its balance sheet?

The mindless repetition of the mantras of the grand pubahs of our financial systems sound quite hollow. Everything Bernanke has said about the economy so far has been wrong. It ain’t contained, it ain’t sub-prime and more money cannot solve or ameliorate the problem. The people in charge are lying, caveat emptor.

Josh

[barnaby33]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco. Bubblesitter, upon what set of facts do you base this claim? All you have are the people who’s direct vested interests were served by the bailout telling you it was necessary. Again thats like asking a barber if you need a haircut. Don’t bother the answer is always the same.

If the Bear Stearns deal was truly necessary, fine put all the chips on the table. Its not that hard for a public accounting of all of BS assets and liabilities to be made public so the public can know exactly what its bailing out.

The reality is it wasn’t necessary and we don’t know if Bear posed a systemic risk. If it did we’re fucked anyway. Do you think Bear was the only firm with large amounts of toxic crap on its balance sheet?

The mindless repetition of the mantras of the grand pubahs of our financial systems sound quite hollow. Everything Bernanke has said about the economy so far has been wrong. It ain’t contained, it ain’t sub-prime and more money cannot solve or ameliorate the problem. The people in charge are lying, caveat emptor.

Josh

[barnaby33]

I hate to admit it, but the government was right to intervene in the Bear Stearns fiasco. Bubblesitter, upon what set of facts do you base this claim? All you have are the people who’s direct vested interests were served by the bailout telling you it was necessary. Again thats like asking a barber if you need a haircut. Don’t bother the answer is always the same.

If the Bear Stearns deal was truly necessary, fine put all the chips on the table. Its not that hard for a public accounting of all of BS assets and liabilities to be made public so the public can know exactly what its bailing out.

The reality is it wasn’t necessary and we don’t know if Bear posed a systemic risk. If it did we’re fucked anyway. Do you think Bear was the only firm with large amounts of toxic crap on its balance sheet?

The mindless repetition of the mantras of the grand pubahs of our financial systems sound quite hollow. Everything Bernanke has said about the economy so far has been wrong. It ain’t contained, it ain’t sub-prime and more money cannot solve or ameliorate the problem. The people in charge are lying, caveat emptor.

Josh

[Deal Hunter]

It will be more like a slow leak – but eventually we (in our older age) and our children will find themselves in a world much different than today. When my parents were my age they could buy a house and pay it off in 10 years, there were no such things as credit cards, education all through college was free, and my father had a guaranteed pension from his company for life and you could drink water straight from the tap, any tap in town.

By the time my kids are my age, most of the population will be living in large residential complexes (single family homes with back yards will be extinct). Each nuclear family of husband, wife and child will also be living with 4-6 of their older relatives. There will be hardly any cars on the road and everyone works, shops and goes to school within walking distance. Drinking water will be more expensive than fuel.

Sounds like armageddon, but it will evolve slowly enough throughout our lives that we will eventually come to accept each little change as something we can live with or have to live through. It won’t feel topsy turvy as changes will come about ever so slowly one thing at a time. Only looking up in hindsight will anyone really see the magnitude of the change.

[Deal Hunter]

It will be more like a slow leak – but eventually we (in our older age) and our children will find themselves in a world much different than today. When my parents were my age they could buy a house and pay it off in 10 years, there were no such things as credit cards, education all through college was free, and my father had a guaranteed pension from his company for life and you could drink water straight from the tap, any tap in town.

By the time my kids are my age, most of the population will be living in large residential complexes (single family homes with back yards will be extinct). Each nuclear family of husband, wife and child will also be living with 4-6 of their older relatives. There will be hardly any cars on the road and everyone works, shops and goes to school within walking distance. Drinking water will be more expensive than fuel.

Sounds like armageddon, but it will evolve slowly enough throughout our lives that we will eventually come to accept each little change as something we can live with or have to live through. It won’t feel topsy turvy as changes will come about ever so slowly one thing at a time. Only looking up in hindsight will anyone really see the magnitude of the change.

[Deal Hunter]

It will be more like a slow leak – but eventually we (in our older age) and our children will find themselves in a world much different than today. When my parents were my age they could buy a house and pay it off in 10 years, there were no such things as credit cards, education all through college was free, and my father had a guaranteed pension from his company for life and you could drink water straight from the tap, any tap in town.

By the time my kids are my age, most of the population will be living in large residential complexes (single family homes with back yards will be extinct). Each nuclear family of husband, wife and child will also be living with 4-6 of their older relatives. There will be hardly any cars on the road and everyone works, shops and goes to school within walking distance. Drinking water will be more expensive than fuel.

Sounds like armageddon, but it will evolve slowly enough throughout our lives that we will eventually come to accept each little change as something we can live with or have to live through. It won’t feel topsy turvy as changes will come about ever so slowly one thing at a time. Only looking up in hindsight will anyone really see the magnitude of the change.

[Deal Hunter]

It will be more like a slow leak – but eventually we (in our older age) and our children will find themselves in a world much different than today. When my parents were my age they could buy a house and pay it off in 10 years, there were no such things as credit cards, education all through college was free, and my father had a guaranteed pension from his company for life and you could drink water straight from the tap, any tap in town.

By the time my kids are my age, most of the population will be living in large residential complexes (single family homes with back yards will be extinct). Each nuclear family of husband, wife and child will also be living with 4-6 of their older relatives. There will be hardly any cars on the road and everyone works, shops and goes to school within walking distance. Drinking water will be more expensive than fuel.

Sounds like armageddon, but it will evolve slowly enough throughout our lives that we will eventually come to accept each little change as something we can live with or have to live through. It won’t feel topsy turvy as changes will come about ever so slowly one thing at a time. Only looking up in hindsight will anyone really see the magnitude of the change.

[Deal Hunter]

It will be more like a slow leak – but eventually we (in our older age) and our children will find themselves in a world much different than today. When my parents were my age they could buy a house and pay it off in 10 years, there were no such things as credit cards, education all through college was free, and my father had a guaranteed pension from his company for life and you could drink water straight from the tap, any tap in town.

By the time my kids are my age, most of the population will be living in large residential complexes (single family homes with back yards will be extinct). Each nuclear family of husband, wife and child will also be living with 4-6 of their older relatives. There will be hardly any cars on the road and everyone works, shops and goes to school within walking distance. Drinking water will be more expensive than fuel.

Sounds like armageddon, but it will evolve slowly enough throughout our lives that we will eventually come to accept each little change as something we can live with or have to live through. It won’t feel topsy turvy as changes will come about ever so slowly one thing at a time. Only looking up in hindsight will anyone really see the magnitude of the change.

[HarryBosch]

FDIC adds staff for bank failures

http://www.washingtontimes.com/article/20080326/BUSINESS/560174054/1006

Federal bank regulators plan to increase staffing 60 percent in their bank-failure division in coming months to handle an anticipated surge in troubled financial institutions.

The Federal Deposit Insurance Corp. wants to add 140 workers to bring staff levels to 360 in the division that handles bank failures, John Bovenzi, the agency’s chief operating officer, said yesterday.

“We want to make sure that we’re prepared,” Mr. Bovenzi said, adding that most of the hires will be temporary and based in Dallas.

(Another sign of our worsening economy.)

[HarryBosch]

FDIC adds staff for bank failures

http://www.washingtontimes.com/article/20080326/BUSINESS/560174054/1006

Federal bank regulators plan to increase staffing 60 percent in their bank-failure division in coming months to handle an anticipated surge in troubled financial institutions.

The Federal Deposit Insurance Corp. wants to add 140 workers to bring staff levels to 360 in the division that handles bank failures, John Bovenzi, the agency’s chief operating officer, said yesterday.

“We want to make sure that we’re prepared,” Mr. Bovenzi said, adding that most of the hires will be temporary and based in Dallas.

(Another sign of our worsening economy.)

[HarryBosch]

FDIC adds staff for bank failures

http://www.washingtontimes.com/article/20080326/BUSINESS/560174054/1006

Federal bank regulators plan to increase staffing 60 percent in their bank-failure division in coming months to handle an anticipated surge in troubled financial institutions.

The Federal Deposit Insurance Corp. wants to add 140 workers to bring staff levels to 360 in the division that handles bank failures, John Bovenzi, the agency’s chief operating officer, said yesterday.

“We want to make sure that we’re prepared,” Mr. Bovenzi said, adding that most of the hires will be temporary and based in Dallas.

(Another sign of our worsening economy.)

[HarryBosch]

FDIC adds staff for bank failures

http://www.washingtontimes.com/article/20080326/BUSINESS/560174054/1006

Federal bank regulators plan to increase staffing 60 percent in their bank-failure division in coming months to handle an anticipated surge in troubled financial institutions.

The Federal Deposit Insurance Corp. wants to add 140 workers to bring staff levels to 360 in the division that handles bank failures, John Bovenzi, the agency’s chief operating officer, said yesterday.

“We want to make sure that we’re prepared,” Mr. Bovenzi said, adding that most of the hires will be temporary and based in Dallas.

(Another sign of our worsening economy.)

[Author]

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