normthefedup

Break Up the Big Banks

So Avery, what you're saying is that it's NOT ok for the government to bail out the banks (and let's not forget that in most cases they took common stock from which if sold, the government will make an ENORMOUS profit) , it's NOT ok for them to pay back the loans, it's NOT ok to get out from under the government's thumb, but it IS ok for the government to still have enough control to break them up. On what premise? A decree from the Pharaoh? So let it be written, so let it be done?

The Market Is Improving, Cancel the Coffin

Author: sanity at it's finest. Outstanding job. It's reasonably obvious that even getting little inklings (spelling?) of good news, the crisis of confidence is going to rule this economy and market for awhile. And human nature being what it is, not to mention the constant doom and gloom from the news, financial stations, and your peers, most tend to concentrate on pessimism. Our situation is not good, but it's not 1932 all over again. Everyone needs to concede that it's going to take time to recover. If I may make a bad analogy, it's like going on a diet and expecting to lose in two weeks the fat you put on over 20 years. Patience folks, just like the diet, most of us are feeling fine, still working, and still eating, but we'll all feel better once we've....so to speak...lost the weight. Again, thanks, and keep up the great work.

Watching the Lehman Fireworks

I sound like a broken record - for those of you who remember records - but the speculation and rumor-mongering has to stop. Too many bad reports about an entity from "experts" who are trusted by too many misinformed or simply ignorant-of-the-way-th... investors just make the predictions of doom and glook become self-fulfilling prophecies. Let's allow the chips to fall where they may based on fact, not conjecture, and the roller coaster ride will finally end with cooler, more informed minds making the decisions.

As a totally unrelated remark, by the way, I think the Fannie/Freddy bailout was the most ill-conceived, badly timed, short sighted government decision short of the Japanese attack on Pearl Harbor. The banks, already in dire straits, did not need a $36 billion hit on the preferreds and stockholders and investors, already reeling and having daily losses from this irrational market, did not need to lose, in some cases, their life savings in an institution that they trusted....the government giveth security, the government taketh it away. A pox on you Paulson and your ilk.