Paulson and Bernanke: A Conspiracy of Dunces [View article]
The biggest dunce in the house has been Sheila Bair. Led by a professional academic and bureacrat, its not surprising that the FDIC will not understand their impact on the credit crisis. Their behind the scenes "negotiations" with interested parties in the WM and WB takeovers undercut and eliminated any possiblity of legimate deals being made. The gift of a "well capitalized" WM to JPM, in particular, while the WM CEO is flying from New York to Seattle and a bailout bill is being discussed in Congress, is disgusting. Who will ever buy bank senior debt at 1.25% over Treasurys again?
I thought I lived in the USA and find out it's Venezuela.
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The biggest dunce in the house has been Sheila Bair. Led by a professional academic and bureacrat, its not surprising that the FDIC will not understand their impact on the credit crisis. Their behind the scenes "negotiations" with interested parties in the WM and WB takeovers undercut and eliminated any possiblity of legimate deals being made. The gift of a "well capitalized" WM to JPM, in particular, while the WM CEO is flying from New York to Seattle and a bailout bill is being discussed in Congress, is disgusting. Who will ever buy bank senior debt at 1.25% over Treasurys again?
Oct 01 18:03 pm
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All Comments by Kinabalu »Paulson and Bernanke: A Conspiracy of Dunces [View article]
I thought I lived in the USA and find out it's Venezuela.