A819

Paulson in a State of Panic

little sid... agree it's ignorance. please excuse typos in my prior post, in this day and age a glass of wine is needed.

Paulson in a State of Panic

p.p.s. warrant buffet is loaded down with hubris. his is coming.

Paulson in a State of Panic

p.s.... when you have system-wide collapse, moral hazard is not relevant.

Paulson in a State of Panic

the failure of lehman was unprincipled because there was no basis to distinguish it from BSC. I was appalled at the time, and still am, that they let it fail. IMO its failure is the reason for the current giant margin call that is currently being labeled "panic selling."

this whole ad hoc way of dealing with the crisis is emblematic of bernanke. i felt in January that the prior august (2007) he failed to lower interest rates enough. the guy is bright but overthinks.

my retirement plan has always been to own my own home and keep working. recent evens have made clear my fears were justified; there is not such thing as retirement anymore.

Calling a Bottom: It's Time To Party

what is all this about capitulation? i heard the fear in the NPR newscasters' voices on July 14. if that wasn't capitulation, i don't know what is. it is taking longer to recover than expected because each bank that is going to fail has to do so on its own terms.

Rescuing Frannie

"Of course, bookstores will have to re-shelve Greenspan's book to the fiction section, but no one will be looking for it anyway." ROTFLMAO. Thanks, bx Capricorn!