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The president's chief of staff famously says never to waste a crisis. Roger Ehrenberg says...

The president's chief of staff famously says never to waste a crisis. Roger Ehrenberg says that's exactly what happened as Wall Street's weakness - super-leveraged capital structure and reliance on overnight lending - was exposed. "Where we are left today, dear taxpayer, is a lot poorer. Unless you are a major shareholder and/or bonusable employee of Goldman Sachs."
Comments (4)
  • Illusional Delusion
    , contributor
    Comments (346) | Send Message
     
    it should be only the bonusable GS employees. any shareholder other than Buffett is only paying towards the bonuses.
    3 Aug 2009, 08:03 PM Reply Like
  • puravidavid@yahoo.com
    , contributor
    Comments (142) | Send Message
     
    Ron nailed it, though I can't imagine what government policies will improve the conditions present.

     

    The most likely federal intervention? ... closing the barn door after most of the ponies have vanished, but leaving it ajar sufficiently to be gamed once again by the insiders who will have their lobbying law firms draft the legislation, loopholes and all.
    3 Aug 2009, 08:33 PM Reply Like
  • tunaman4u2
    , contributor
    Comments (2744) | Send Message
     
    Printing money is the ONLY thing thats got us this far. If there was no printing of money & this was all debt to be paid back later America would be severely under capitalized
    3 Aug 2009, 09:30 PM Reply Like
  • Machiavelli999
    , contributor
    Comments (829) | Send Message
     
    But if Obama actually did do something to regulate the banks, you guys would be the first ones yelling "SOCIALISM!"

     

    And this is why he doesn't do it. You don't really want banks regulated.
    4 Aug 2009, 12:24 AM Reply Like
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