http://www.bloggernews.net/117853 High-quality English language analysis and editorial writing on the news. Thu, 16 Feb 2012 13:38:39 +0000 http://wordpress.org/?v=2.3.3 http://www.bloggernews.net/117853#comment-638747 bondgirl92506 Wed, 24 Sep 2008 19:42:58 +0000 http://www.bloggernews.net/117853#comment-638747 Are you serious? You completely ignore the fact that the $$ would be used to buy undervalued assets, not just spent without a return. Interest will be made on them as well as potential gains on the principal as well. If the banks that sell them do better afterwards, GOOD. THAT IS THE POINT OF THIS. This plan doesn't really help banks that have not been aggressive with mark downs or that are truely poorly capitalized. It helps banks that have been aggressive, have the cash to survive and are suffering because of uncertainty. The banks that do the best after this deal will do so because they should have been doing well all along. You want to punish wallstreet? How about a bankruptcy (LEH) how about wiping out equity (BSC) how about cutting down franchises and forcing them to lose their hold on the market by forcing a downside and break up of their business (AIG, and FRE/FMN eventually), nevermind the $$ lost on WM, WB, ML, etc. Plenty of CEOs or other top execs have been cut that had a hand in this. This is not a Wall Street bail out, it's not screwing over the taxpayers, and based on thinking like yours, the govt has a serious chance of screwing this up. Are you serious? You completely ignore the fact that the $$ would be used to buy undervalued assets, not just spent without a return. Interest will be made on them as well as potential gains on the principal as well. If the banks that sell them do better afterwards, GOOD. THAT IS THE POINT OF THIS. This plan doesn’t really help banks that have not been aggressive with mark downs or that are truely poorly capitalized. It helps banks that have been aggressive, have the cash to survive and are suffering because of uncertainty. The banks that do the best after this deal will do so because they should have been doing well all along.
You want to punish wallstreet? How about a bankruptcy (LEH) how about wiping out equity (BSC) how about cutting down franchises and forcing them to lose their hold on the market by forcing a downside and break up of their business (AIG, and FRE/FMN eventually), nevermind the $$ lost on WM, WB, ML, etc. Plenty of CEOs or other top execs have been cut that had a hand in this.
This is not a Wall Street bail out, it’s not screwing over the taxpayers, and based on thinking like yours, the govt has a serious chance of screwing this up.

]]> http://www.bloggernews.net/117853#comment-634480 davidschussler Mon, 22 Sep 2008 16:21:42 +0000 http://www.bloggernews.net/117853#comment-634480 Rich You got a better idea? Rich
You got a better idea?

]]> http://www.bloggernews.net/117853#comment-633879 Rich Mon, 22 Sep 2008 01:33:17 +0000 http://www.bloggernews.net/117853#comment-633879 Capitalism, so-called "free market" is a failure. Capitalism, so-called “free market” is a failure.

]]> http://www.bloggernews.net/117853#comment-633470 Doug Sun, 21 Sep 2008 17:04:16 +0000 http://www.bloggernews.net/117853#comment-633470 Great work. I really think you are spot on. I would also recommend everyone taking a look at this weeks Bill Moyer's Journal. http://www.pbs.org/moyers/journal/09192008/profile.html It was really good this week, and help explain the situation a lot. You can read the transcript or watch it streaming. Great work. I really think you are spot on. I would also recommend everyone taking a look at this weeks Bill Moyer’s Journal. http://www.pbs.org/moyers/journal/09192008/profile.html It was really good this week, and help explain the situation a lot. You can read the transcript or watch it streaming.

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