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http://www.guardian.co.uk/business/2009/apr/05/useconomy-regulators "It is crucial for these things to happen," she said. "Japan tried to avoid them and just offered subsidy with little or no consequences for management or equity investors, and this is why Japan suffered a lost decade."...

The thing I found most puzzling about the Ted Stevens thing was that he was a Republican Senator and he was being targeted during Bush's term. And frankly, Mr Bridge-To-Nowhere or not, the GOP was having a hard enough time already keeping seats in the Senate. Why hunt Stevens when there were...

From what I can see, he did bow (custom some say?), but from the Saudi king's arm angle vs the angle of Obama's back when he bows, it looks like Obama would have to have a 2-foot long neck to reach down far enough to kiss the king's hand. Some of this could just be protocol I guess. Like...

All businesses want quality-people (best and brightest). But the CEO's and Board members of many of the financial companies have proven that they themselves are NOT the best and brightest. So what's the point of making sure that the B & B can work under Dumb and Dumber?

Maybe GM can take it's assets to the Fed for cash - might be less toxic than some of the other stuff they are taking...

That was Japan's "Lost Decade". But the "companies" in Japan's case were Financial Companies (Banks). The toxic financial companies are still being propped-up in the U.S.

That's true - but the difference is, the gov't isn't bailing you out. Being greedy with a gov't guarantee is different.

It's funny that one guy gets to decide such big economic policies on his own. When Greenspan ran the show, he followed his "philosophy" even when other Fed governors warned against it. So he gets to be monarch.

If everybody gave all their savings as campaign contributions, that means they would get back that money exponentially from our elected officials, making everyone instant billionaires! Our problem is solved!! :D

Thank you Hank Paulson and the SEC! :P

Choice is an illusion, made between those with power, and those without. - The Merovingian

"Toxic Assets"... Isn't it really... Toxic Liabilities....?

http://biz.yahoo.com/ap/090320/bernanke.html?sec=topStories&pos=main&asset=TBD&ccode=TBD "Banking regulators have observed that "poorly designed compensation policies can create perverse incentives that can ultimately jeopardize the health of the banking organization," Bernanke said in...

It wasn't bonuses, it was retention pay. And some didn't bother to be "retained", but got the money anyway. :) Head I win, tails you lose. That's the way it works.

It's purely coincidental that Dodd (an elected guy) is pointing to someone (nameless) over at Treasury (an appointed/non-elected guy) as the source of the change request to his amendment. That way, you can feel good about voting for Dodd (an elected guy) since it wasn't his fault, and the guy...

AIG has to pay off the guys who took out gambler's insurance before they bet everything on one spin at the roulette wheel. Nice to be able to bet the farm and get the payoff no matter what.

You mean - going BACK to Goldman, since that is where they plucked him from in the 1st place...

Apparently the AIG money was from the Fed Reserve and did not require Congressional approval. Not necessarily that the outcome would be any different, but Congress has a place to wag it's finger rather than just in the mirror this time. So I suppose the Fed didn't think to renegotiate...

Paulson's inside-joke of calling it TARP gets clearer every day. Good one Hank! :p

I'm wondering if Santelli had not backed-out of his original scheduled appearance on TDS if he might have held his own and ended it right there. Cramer folded like an accordion. Not sure who at CNBC thought he was the man to defend their network.