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Thursday, October 29, 2009
10:31 AM TweetThis
  • More from Geithner - no more AIGs: "Any firm that puts itself in a position where it cannot survive without special assistance from the government must face the consequences of failure. The proposed resolution authority would not authorize the government to provide open-bank assistance to any failing firm."

This news story has 7 comments:

  •  
    Let them fail..just let them fail...why can't a government official see that...they will game you to death...or my death..we can't keep playing the bankers games...if they are going to change the regulations..then they must be able to seize all the bankers and their family's assets...lose everything..period...that will stop the stealing..cars, houses, planes, boats, stocks, jewerly, art collections, everything....
    Oct 29 10:36 AM | Link | Reply
  •  
    "The proposed resolution authority would not authorize the government to provide open-bank assistance to any failing firm."


    Ok, does it prevent the gov from doing this, or is it lip service to pissed off Americans that does nothing more than give a false impression the gov thieving from taxpayers is over?
    Oct 29 10:43 AM | Link | Reply
  •  
    Tim, I wonder when you will realize the meltdown last fall wasn't because Lehman failed, it was because the market perceived the Fed and Treasury were picking and choosing which firms failed, and which stayed afloat.
    Oct 29 10:44 AM | Link | Reply
  •  
    So easy to talk about the future....yeah no more too big to fail...we will no longer bail them out (but wait until I am not in charge so I dont have to make the hard decisions).
    Oct 29 10:54 AM | Link | Reply
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    In other words, "we've saved the companies that insure/invest/spend government investments/money, now it's up to the rest to stand on their laurels..."
    Oct 29 11:24 AM | Link | Reply
  •  
    The large banks need broken up similar to the way the oil industry was decades ago
    Oct 29 11:49 AM | Link | Reply
  •  
    Tim, can we get that in writing ?
    Oct 29 12:12 PM | Link | Reply
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