User 68127

Fixing America's Banks: Geithner Doesn't Have the Right Answer

Rather than the aggregator bank, run by the government, why not just get rid of mark to market? Then the banks could keep, modify, or foreclose their own pool of loans without having to start the death spiral of writedowns, capital raising...

I hate to say it, but I think even the banks are better equipped than the government to work out these loans. If only the govt would get out of the way with their misguided regulations. But then they would not be able to control the world and use their policies and threat of policies to buy votes and impose a utopian socialist world view...

Market Analysis: Merrill Lynch and the Economy In Focus

Thain argues that everything he previously said was true "at the time." So...if you do in fact need capital a few days or weeks later, it was not a falsehood?

Thain is either not truthful or not competent. His defense shows that he prefers to be viewed as incompetent rather than dishonest. (Actually, he appears to be both!)

Financials: How - And When - We Reached the Bottom

Bitter, bitter, bitter, bitter, bitter! I suppose Tom Brown considers himself one of the "fallen legends" who is about to be vindicated?