phil from Edmond

The Government Doesn't Listen to Reason

Sheila Bair gets a lot of favorable press but for what? The FDIC would be as insolvent as any Wall Street bank if she didn't have the backstop of Treasury and the ability to assess the banking industry for funds.

The 3 year prepayment of assessments borders legitimate fraud. It is a legality stretched to justify the accounting the banks want and need. It's a prepayment because FDIC says it's a prepayment. Let's see 3 years down the road what happens. I'm betting another "prepayment".

Wall Street Breakfast: Must-Know News

Further to the proposed sale of tax credits. Why would Treasury approve the sale? Effectively, they would approve Fannie Mae to accept $0.80 (or whatever) for $1 dollar of tax credits. Since Treasury is funding Fannie Mae, through the conservatorship, where is the advantage to the Treasury in this transaction. Treasury reduces its contribution to Fannie Mae by $0.80 and loses $1 dollar from tax receipts.

First-Time Home Buyer Tax Credit Fraud Called 'Disturbing?'

Did anyone check to see if credits went to names like Geitner, Dodd or Frank? Just a question.

Who Is Really to Blame for the Deficit?

How about the original CBO budget estimates were wrong. It seems a lot of the tax revenues and business activity in 1999, 2000 and 2001 were subsequently proven ephemeral.

The Three Ways of Dealing with Financial Crises

A low long-term real interest rate . Why invest in treasuries which are going to be in abundant supply?