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Paulson Has done a Bang up job!!
- Thread starter Bogan7
- Start date
It is interesting that Paulson and Bernanke seem to have no plans to deal with mortgage holders.
Sheila Bair has been the lone voice there.
When mortgage holders default in droves and stop paying banks, what happens to the banks - are they better off?
The banks sit near the top of the pyramid, but how does Paulson figure he can keep the top of the pyramid he and his friends live in pristine while the base of it crumbles?
Sheila Bair has been the lone voice there.
When mortgage holders default in droves and stop paying banks, what happens to the banks - are they better off?
The banks sit near the top of the pyramid, but how does Paulson figure he can keep the top of the pyramid he and his friends live in pristine while the base of it crumbles?
Quote from Landis82:
Yet another Bush appointee "flunkie".
The 3-month Tbill rate at 0.015% tells you that Paulson and his TARP has been a complete failure.
Grow up. I'm only signaling out your post because YOU should know better. The rest of the folks on this thread I already accept as clueless rubes.
Maybe Bob Rubin would have been better. He's doing a BANG UP job at Citi.
Don't you get quotes from overseas? How's your beloved Deutche Bank doing? Or UBS? Lloyds? ABN? The Japs?
Does Paulson or TARP include THEM?
First off: Paulson is the TREASURY Secretary. He isn't the Fed chairman. You know what market Paulson heads? The market that is making ALL TIME HIGHS!
Wrong. These guys own millions of shares of common. Here are a few quick examples and with these guys most of their common is NOT in trusts.
DIMON JAMES: Declared Holdings
http://biz.yahoo.com/t/48/3927.html
LEWIS KENNETH D: Declared Holdings
http://biz.yahoo.com/t/09/3809.html
PANDIT VIKRAM S: Declared Holdings
http://biz.yahoo.com/t/97/3791.html
DIMON JAMES: Declared Holdings
http://biz.yahoo.com/t/48/3927.html
LEWIS KENNETH D: Declared Holdings
http://biz.yahoo.com/t/09/3809.html
PANDIT VIKRAM S: Declared Holdings
http://biz.yahoo.com/t/97/3791.html
Quote from Mecro:
Do you really think these individuals own any common stock of these banks? No, you do through your 401k and mutual fund investments.
They don't touch the stock unless its preferred. They don't do personal accounts, just trusts & "charity" organizations.
Quote from Pa(b)st Prime:
Grow up. I'm only signaling out your post because YOU should know better. The rest of the folks on this thread I already accept as clueless rubes.
Look, I see most of the appointees in this current Bush Administration as total incompetents . . . from Rumsfeld all the way to Paulson and our beloved SEC Chairman Cox ( from Orange County, California ) who REFUSES to re-institute the "up-tick" rule.