formerhawk

Congress' Handling of AIG Bonuses Is Shameful

I think I would replace childlikeness with childishness. There is a difference. Good letter, good post.

Preview from Europe: Does the Rally Have Legs?

Too late to let AIG fail, shouldn't have let Lehman fail.

Wall Street Breakfast: Must-Know News

eddie- that isn't out of the box, that is how money is normally loaned. Congress just doesn't appear to be normal.

Comparing This Past Week to the '87 Crash

If that 400 billion hasn't been paid yet it will be in short order. That money is going somewhere. My bet is the market.

Going to Hell in a Handbasket: The Rush To Protect More Stocks

Constable, you forgot one thing. The push from congress for banks to offer a loan to anyone who could breath whether they had income or not. Hope and pray congress doesn't get involved in the details of this, just vote the $ and leave so they don't mess anything else up.

Going to Hell in a Handbasket: The Rush To Protect More Stocks

What a sad week. My one question, if you are going to do loans and bailouts why not Lehman? Maybe that was a learning process. The financial tenacles of these companies are long and very very very involved. By the way it is not just the Wall street types getting hurt, lots of retirees, maybe some of them your parents.

Moral Hazard: A Danger to Our Financial System

It is tempting to buy AIG but not sure about the status of shareholders in the current arrangement with Treasury. Sum of the parts have to be worth way more than $4 per share, even after the debt service on $85 B.