JD Plus

Congress: Shortsighted About Financials

I think it's clear that Congress has no intention of letting banks or insurers like AIG survive. Congress is actively ruining all stockholders, bondholders, and even us taxpayers by assuring there is no confidence in our banks.

I have yet to hear any single congressional leader say "our companies are important to the world, and we will help them survive".

Just wait until the beginning of April when people receive their retirement fund statements.

Gentlemen Prefer Bland: Mortgages, Securitizations, and … Bank Capital?

Should send entire article to ALL of congress. They don't seem to "get" unintended consequences of their constant chatter and choices.

Ironically, not only banks hold preferreds, but the most SAVING and conservative people of our nation.. the elderly, in trusts for developmentally disabled, etc.

It's been sickening.