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September 26, 2008 at 4:12 AM in reply to: Holy Shit Sandwiches: WaMu taken over by FDIC; deposits sold to JP Morgan #276156
CA renter
ParticipantPretty sure I heard Steve Liesman mention something about forcing a bank to fail last night/this morning on Squawk Box.
It was a one-sentence blurb, and no follow-up to the conversation, IIRC.
Just sayin’…
ParticipantPretty sure I heard Steve Liesman mention something about forcing a bank to fail last night/this morning on Squawk Box.
It was a one-sentence blurb, and no follow-up to the conversation, IIRC.
Just sayin’…
ParticipantPretty sure I heard Steve Liesman mention something about forcing a bank to fail last night/this morning on Squawk Box.
It was a one-sentence blurb, and no follow-up to the conversation, IIRC.
Just sayin’…
ParticipantPretty sure I heard Steve Liesman mention something about forcing a bank to fail last night/this morning on Squawk Box.
It was a one-sentence blurb, and no follow-up to the conversation, IIRC.
Just sayin’…
ParticipantPretty sure I heard Steve Liesman mention something about forcing a bank to fail last night/this morning on Squawk Box.
It was a one-sentence blurb, and no follow-up to the conversation, IIRC.
Just sayin’…
September 24, 2008 at 11:29 PM in reply to: Congressman Darrell Issa – “… Oppose Bailing Out Wall Street with Taxpayer Dollars” #275031ParticipantThat was an excellent resonse from Rep. Issa. Thank you for sharing it!
September 24, 2008 at 11:29 PM in reply to: Congressman Darrell Issa – “… Oppose Bailing Out Wall Street with Taxpayer Dollars” #275283ParticipantThat was an excellent resonse from Rep. Issa. Thank you for sharing it!
September 24, 2008 at 11:29 PM in reply to: Congressman Darrell Issa – “… Oppose Bailing Out Wall Street with Taxpayer Dollars” #275285ParticipantThat was an excellent resonse from Rep. Issa. Thank you for sharing it!
September 24, 2008 at 11:29 PM in reply to: Congressman Darrell Issa – “… Oppose Bailing Out Wall Street with Taxpayer Dollars” #275334ParticipantThat was an excellent resonse from Rep. Issa. Thank you for sharing it!
September 24, 2008 at 11:29 PM in reply to: Congressman Darrell Issa – “… Oppose Bailing Out Wall Street with Taxpayer Dollars” #275351ParticipantThat was an excellent resonse from Rep. Issa. Thank you for sharing it!
September 24, 2008 at 11:23 PM in reply to: Carlyle group urges fast approval of bailout so it can help taxpayers #275022ParticipantThe question that we are all dying to hear the answer to is; what is the consequence of no bail-out?
————————–Absolutely spot-on!
Will interest rates rise? Yes.
Will housing and stock prices crash? Yes!
Will jobs be lost? Yes.
Will retirement funds experience extreme stress/insolvency? Yes.
Will we all be better for it well into the future (as opposed to what would happen if we continued to solve credit bubble problems with more credit bubbles)? Yes!
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All that being said, we do need to protect the money that really is there in FDIC-insured accounts and we should protect money market funds to some extent. As much as I hate to say it, we did need to protect the Fannie and Freddie bond holders because they are so entrenched in our financial system.I also advocate a work program and deficit spending for R&D in energy, transportation and health care technologies.
Ultimately, we need a bailout, but Wall Street should not receive a single penny of our money.
September 24, 2008 at 11:23 PM in reply to: Carlyle group urges fast approval of bailout so it can help taxpayers #275273ParticipantThe question that we are all dying to hear the answer to is; what is the consequence of no bail-out?
————————–Absolutely spot-on!
Will interest rates rise? Yes.
Will housing and stock prices crash? Yes!
Will jobs be lost? Yes.
Will retirement funds experience extreme stress/insolvency? Yes.
Will we all be better for it well into the future (as opposed to what would happen if we continued to solve credit bubble problems with more credit bubbles)? Yes!
————-
All that being said, we do need to protect the money that really is there in FDIC-insured accounts and we should protect money market funds to some extent. As much as I hate to say it, we did need to protect the Fannie and Freddie bond holders because they are so entrenched in our financial system.I also advocate a work program and deficit spending for R&D in energy, transportation and health care technologies.
Ultimately, we need a bailout, but Wall Street should not receive a single penny of our money.
September 24, 2008 at 11:23 PM in reply to: Carlyle group urges fast approval of bailout so it can help taxpayers #275275ParticipantThe question that we are all dying to hear the answer to is; what is the consequence of no bail-out?
————————–Absolutely spot-on!
Will interest rates rise? Yes.
Will housing and stock prices crash? Yes!
Will jobs be lost? Yes.
Will retirement funds experience extreme stress/insolvency? Yes.
Will we all be better for it well into the future (as opposed to what would happen if we continued to solve credit bubble problems with more credit bubbles)? Yes!
————-
All that being said, we do need to protect the money that really is there in FDIC-insured accounts and we should protect money market funds to some extent. As much as I hate to say it, we did need to protect the Fannie and Freddie bond holders because they are so entrenched in our financial system.I also advocate a work program and deficit spending for R&D in energy, transportation and health care technologies.
Ultimately, we need a bailout, but Wall Street should not receive a single penny of our money.
September 24, 2008 at 11:23 PM in reply to: Carlyle group urges fast approval of bailout so it can help taxpayers #275324ParticipantThe question that we are all dying to hear the answer to is; what is the consequence of no bail-out?
————————–Absolutely spot-on!
Will interest rates rise? Yes.
Will housing and stock prices crash? Yes!
Will jobs be lost? Yes.
Will retirement funds experience extreme stress/insolvency? Yes.
Will we all be better for it well into the future (as opposed to what would happen if we continued to solve credit bubble problems with more credit bubbles)? Yes!
————-
All that being said, we do need to protect the money that really is there in FDIC-insured accounts and we should protect money market funds to some extent. As much as I hate to say it, we did need to protect the Fannie and Freddie bond holders because they are so entrenched in our financial system.I also advocate a work program and deficit spending for R&D in energy, transportation and health care technologies.
Ultimately, we need a bailout, but Wall Street should not receive a single penny of our money.
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