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1B for all WM's good asset sounds too cheap. I would expect at least TPG will take that deal.

No one see this? This is a replay of Japan and JPMorgan Chase is betting all or nothing. If there is a bailout, it will be one of the few surviving banks left and become a big winner. If there is no bailout, with or without WM will not change the fact the JPMorgan Chase is fu*ked.

Great! Really, keep inflating the credit bubble do us no good.

You don't get the leverage that a bank gets in injecting money into the economy. That's why Paulson & co said it has to go thru them and pay them. For example, government give you $500 bucks. You spent it. That's it. $500 of credit injection. If I form a bank with $500 seed money, I...

Regulation and conservative lending. It is still government and it comes with all the baggage of a government run entity, but the alternative is worse. Freddie and Fannie went down because of loose regulation and lair loan. Without these 2 problems, Freddie and Fannie exists for 60 years...

No wonder our nation is doom. Please use a calculator.

Agree. Finally, someone saying the same thing in my mind. Credit crunch is what the government want to solve. If they get to do that, they could care less whether bankers go down with toxic waste or not. Of course, whether we should just let the credit crunch to ring out excess, that is a...

That's why Paulson and co is asking for the bailout, is to allow banks to have the balance sheet to lend. What they don't tell you is in the process of doing that, they are taking a cut of that 900B. The solution is to inject credit thru other means. 1) Direct injection to taxpayer either...

Paulson is part of the in crowd. That's why I said : don't ask the same group of people to fix a problem that they created. They will take a cut of that 700B, spin all losses to taxpayaer and riding in with white horses saying they save the economy. Inject credit thru other means...

The thing we are arguing right now is who is going to do the mop up and how to split the lost. Government doesn't care about mortgage or housing price. It cares about the decrease of housing asset which will lock up banks. That, in turn, shrink credit available for normal business. If...

There are 0 investment banks in wallstreet now. You have to agree that MAJORITY of the 700B will go to banks right? A couple smaller AIG here and there might ask for this too. Bottomline, you don't ask the same group of people to solve this very problem that they created. Inject credit...

To address the credit crunch, frozen commercial market, reduce money supply, whatever you call it. Have the government form a national bank with 700B seed money. Let it lends according to Federal reserve ratio. Bypass all these wallstreet banks that cause this problem and go straight to...

By past these banks to provide credit then, no one said you have to go thru the same people that create this problem to solve it. Create a 700B national bank, cut tax or have the government spent it. If you form a 700B national bank, Federal Reserve rule allow you to do at least 10 x...

That's also true too. I think he has been CEO too long to remember how ass kissing work..:)

If it is a credit crunch problem, then create a national bank with 700B seed money, have government spent it all, invite foreign banks to lend in US or cut tax rate and give it to american. Anything other than handing 700B to the same group of people that create this mess and ask them to fix...

First, no one foreign or in US want to see US consumer shrink drastically. Long term, foreigners will whine US off debt by shrinking their treasury buying as they see fit. If they see their domestic consumption is growing too fast, they will cut treasury buying to cool export. If not...

That's exactly what I mentioned above. CDS is insurance contract. You can't have Katrina come and every insurance companies go bankrupt because CEO gets all the money upfront as bonus. Smell like an insurance contract, act like an insurance contract and by golly, need to be regulated like...

Alright, I am for fair punitive reform. IE, not a flat tax increase on the whole industry or something BS like that. Also, I agree with you that banning shorts are INSANE. That's just WRONG. Banning naked short is something they should do a long time though. However, all derivatives or...

Like what? I didn't read any between lines in the email. He is even bashing attached typical democrats spending as pointless.

This is some funny shit.