[cr]

How the market is up today is beyond me.

I can only guess it’s because people are realizing Hanky and Bernanky (who should be tried for treason IMO) will keep spending our children’s future on a couple of bad banks.

Just wait until the FDIC goes broke and Fed sheet turns red. Then what?

[cr]

How the market is up today is beyond me.

I can only guess it’s because people are realizing Hanky and Bernanky (who should be tried for treason IMO) will keep spending our children’s future on a couple of bad banks.

Just wait until the FDIC goes broke and Fed sheet turns red. Then what?

[cr]

How the market is up today is beyond me.

I can only guess it’s because people are realizing Hanky and Bernanky (who should be tried for treason IMO) will keep spending our children’s future on a couple of bad banks.

Just wait until the FDIC goes broke and Fed sheet turns red. Then what?

[cr]

How the market is up today is beyond me.

I can only guess it’s because people are realizing Hanky and Bernanky (who should be tried for treason IMO) will keep spending our children’s future on a couple of bad banks.

Just wait until the FDIC goes broke and Fed sheet turns red. Then what?

[cr]

I agree with what you guys are saying but how can you expect people, brainwashed by marketing, politicians, and TV shows to balance their own budget when the Government can’t?

It’s certainly not an excuse to bury oneself in debt, or a claim that we are entitled to everything we want but the Government bails out reckless lenders and borrowers at the expense of those who save their money.

The message from Uncle Sam is keep spending money you don’t have to keep this broken economy going, and when you fail we’ll take care of you. Of course, unless you’re a multi-billion dollar financial institution it’s just a lie.

[cr]

I agree with what you guys are saying but how can you expect people, brainwashed by marketing, politicians, and TV shows to balance their own budget when the Government can’t?

It’s certainly not an excuse to bury oneself in debt, or a claim that we are entitled to everything we want but the Government bails out reckless lenders and borrowers at the expense of those who save their money.

The message from Uncle Sam is keep spending money you don’t have to keep this broken economy going, and when you fail we’ll take care of you. Of course, unless you’re a multi-billion dollar financial institution it’s just a lie.

[cr]

I agree with what you guys are saying but how can you expect people, brainwashed by marketing, politicians, and TV shows to balance their own budget when the Government can’t?

It’s certainly not an excuse to bury oneself in debt, or a claim that we are entitled to everything we want but the Government bails out reckless lenders and borrowers at the expense of those who save their money.

The message from Uncle Sam is keep spending money you don’t have to keep this broken economy going, and when you fail we’ll take care of you. Of course, unless you’re a multi-billion dollar financial institution it’s just a lie.

[cr]

I agree with what you guys are saying but how can you expect people, brainwashed by marketing, politicians, and TV shows to balance their own budget when the Government can’t?

It’s certainly not an excuse to bury oneself in debt, or a claim that we are entitled to everything we want but the Government bails out reckless lenders and borrowers at the expense of those who save their money.

The message from Uncle Sam is keep spending money you don’t have to keep this broken economy going, and when you fail we’ll take care of you. Of course, unless you’re a multi-billion dollar financial institution it’s just a lie.

[cr]

I agree with what you guys are saying but how can you expect people, brainwashed by marketing, politicians, and TV shows to balance their own budget when the Government can’t?

It’s certainly not an excuse to bury oneself in debt, or a claim that we are entitled to everything we want but the Government bails out reckless lenders and borrowers at the expense of those who save their money.

The message from Uncle Sam is keep spending money you don’t have to keep this broken economy going, and when you fail we’ll take care of you. Of course, unless you’re a multi-billion dollar financial institution it’s just a lie.

[cr]

If this event is taken by the market for what is – a complete failure by US regulators, and continued plummeting of all things housing – this has to be bad for them.

Bear Sterns went back up a little following the JPM buyout, but this is a takeover.

I’d expect a 20%+ drop. Then again it wouldn’t be the weirdest thing if Hanky and Bernanky offered a premium over the current share prices.

I’m also curious what this will do to the international credibility of the US and the dollar, and what H&B will do with all their newly acquired REOs.

[cr]

If this event is taken by the market for what is – a complete failure by US regulators, and continued plummeting of all things housing – this has to be bad for them.

Bear Sterns went back up a little following the JPM buyout, but this is a takeover.

I’d expect a 20%+ drop. Then again it wouldn’t be the weirdest thing if Hanky and Bernanky offered a premium over the current share prices.

I’m also curious what this will do to the international credibility of the US and the dollar, and what H&B will do with all their newly acquired REOs.

[cr]

If this event is taken by the market for what is – a complete failure by US regulators, and continued plummeting of all things housing – this has to be bad for them.

Bear Sterns went back up a little following the JPM buyout, but this is a takeover.

I’d expect a 20%+ drop. Then again it wouldn’t be the weirdest thing if Hanky and Bernanky offered a premium over the current share prices.

I’m also curious what this will do to the international credibility of the US and the dollar, and what H&B will do with all their newly acquired REOs.

[cr]

If this event is taken by the market for what is – a complete failure by US regulators, and continued plummeting of all things housing – this has to be bad for them.

Bear Sterns went back up a little following the JPM buyout, but this is a takeover.

I’d expect a 20%+ drop. Then again it wouldn’t be the weirdest thing if Hanky and Bernanky offered a premium over the current share prices.

I’m also curious what this will do to the international credibility of the US and the dollar, and what H&B will do with all their newly acquired REOs.

[cr]

If this event is taken by the market for what is – a complete failure by US regulators, and continued plummeting of all things housing – this has to be bad for them.

Bear Sterns went back up a little following the JPM buyout, but this is a takeover.

I’d expect a 20%+ drop. Then again it wouldn’t be the weirdest thing if Hanky and Bernanky offered a premium over the current share prices.

I’m also curious what this will do to the international credibility of the US and the dollar, and what H&B will do with all their newly acquired REOs.

[cr]

[quote=Officials] that the executives of both institutions had been replaced. Herb Allison, a former vice chairman of Merrill Lynch, was selected to head Fannie Mae and David Moffett, a former vice chairman of US Bancorp, was picked to head Freddie Mac.[/quote]

Absolutely brilliant!

Replace the heads of two failed institutions with the heads of two other failing institutions.

I sometimes wonder if our Government says to themselves, let’s see if the people get a kick out of this one!

The justification is pathetic. In other words, if you want to be bailed out (Washington Mutual, Bank of America, Citi Bank, etc, et al.) make as many reckless loans as you possibly can.

[Author]

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