Banking committee - Bernake Paulson Cox

[makkie]

I am watching and watching the live stream of the Banking committee hearing.

A lot of questions are raised through that of course. The trillion derivative mess gets some airtime this time.

I watch these guys answer and one thing I ask myself:

Is Bernake honestly believing that the 700bn are enough and that the American taxpayer is getting that amount back ?

Of course this is a political game in motion right now,
but what is their(Paulson/Bernake) underlying plan?

They must have the numbers and they are not soo simple minded!

One good thing at least, the American people are waking up -
The sense seems to be: "This time the FED did fix nothing - they f***ked it up badly - And they lied regarding FM& FF bazookas"

[Jim Nickerson]

Re: Banking committee - Bernake Paulson Cox

I am watching and watching the live stream of the Banking committee hearing.

A lot of questions are raised through that of course. The trillion derivative mess gets some airtime this time.

I watch these guys answer and one thing I ask myself:

Is Bernake honestly believing that the 700bl are enough and that the American taxpayer is getting that amount back ?

Of course this is a political game in motion right now,
but what is their(Paulson/Bernake) underlying plan?

They must have the numbers and they are not soo simple minded!

One good thing at least, the American people are waking up -
The sense seems to be: "This time the FED did fix nothing - they f***ked it up badly - And they lied regarding FM& FF bazookas"

Which do you think is pulling or pulled in the most viewers, what you are watching or the OJ murder trial?

[makkie]

Re: Banking committee - Bernake Paulson Cox

Which do you think is pulling or pulled in the most viewers, what you are watching or the OJ murder trial?

I would say OJ is still up front, but the public is getting more aware - finally!

Simple people simply have no feeling for the numbers - no relations!

The "silent majority" seems to think: "All sounds the same: million, billion, trillion. This is much of course - but how much is it - and last week it sounded much too"

[phirang]

Re: Banking committee - Bernake Paulson Cox

I would say OJ is still up front, but the public is getting more aware - finally!

Simple people simply have no feeling for the numbers - no relations!

The "silent majority" seems to think: "All sounds the same: million, billion, trillion. This is much of course - but how much is it - and last week it sounded much too"

It doesnt matter: not like there's a surplus anyway!

[don]

Re: Banking committee - Bernake Paulson Cox

Which do you think is pulling or pulled in the most viewers, what you are watching or the OJ murder trial?

OJ, hands down, at least to date. OJ tapped immediately into mainstream America with Black celebrity murders blond bimbo. No instruction manual was necessary, sort of like the current election for many.

I think it will take into-the-kitchen consequences to get mass attention. My wife commutes in a 16 person van, many of whom work in San Francisco's financial district. When she raises these issues, they do not want to know. American Idol is another matter.

[The Outback Oracle]

Re: Banking committee - Bernake Paulson Cox

I think it will take into-the-kitchen consequences to get mass attention. My wife commutes in a 16 person van, many of whom work in San Francisco's financial district. When she raises these issues, they do not want to know. American Idol is another matter.[/QUOTE]

Mate! I've just listened to all the tripe from bernanke and paulson and those asking the questions...mass stupidity...but...that is the most depressing thing i've heard today

[The Outback Oracle]

Re: Banking committee - Bernake Paulson Cox

Yeah well anyway in Aus, life is beautiful, no problems, we're 'insulated', houses will always go up, we've banned ALL short selling on the stock market so it will always go up,
As to what people watch on TV...well we've got all your inane US shows plus a couple of our own copies of them!

no body knows we are drowning in debt, both external and household. If i try to tell people and actually give them the numbers, I get told, "I don't like talking about depressing stuff" or more normally "I always try to be positive" as they lever up to buy another house by borrowing 100%. "Real Estate always goes up."

[makkie]

Re: Banking committee - Bernake Paulson Cox

nice term: " into-the-kitchen consequences "

All this could develop into a greek tragedy:

- FED & Treasury urged congress/senate for big bailout of FM&FM

- FED & Treasury misguided congress regarding size and dimension of FF & FM bailout

- congress feels misled

- AIG & Lehmans fail:
-> the OTC counter-party risk / market to market valuation / domino effect IS very real and very urged.

-> FED & Treasury urge congress for gigantic plan and FED & Treasury asking for timely solution.

-> congress will NOT decide quickly this time ( who will blame them )

-> meltdown ripples into main street

:eek:

[phirang]

Re: Banking committee - Bernake Paulson Cox

nice term: " into-the-kitchen consequences "

All this could develop into a greek tragic:

- FED & Treasury urged congress/senate for big bailout of FM&FM

- FED & Treasury misguided congress regarding size and dimension of FF & FM bailout

- congress feels misled

- AIG & Lehmans fail:
-> the OTC counter-party risk / market to market valuation / domino effect IS very real and very urged.

-> FED & Treasury urge congress for gigantic plan and FED & Treasury asking for timely solution.

-> congress will NOT decide quickly this time ( who will blame them )

-> meltdown ripples into main street

:eek:

An economy sacrificed in the name of inflation expectations...

[Tulpen]

Re: Banking committee - Bernake Paulson Cox

I am watching and watching the live stream of the Banking committee hearing.

A lot of questions are raised through that of course. The trillion derivative mess gets some airtime this time.

I watch these guys answer and one thing I ask myself:

Is Bernake honestly believing that the 700bl are enough and that the American taxpayer is getting that amount back ?

Of course this is a political game in motion right now,
but what is their(Paulson/Bernake) underlying plan?

They must have the numbers and they are not soo simple minded!

One good thing at least, the American people are waking up -
The sense seems to be: "This time the FED did fix nothing - they f***ked it up badly - And they lied regarding FM& FF bazookas"

One thing is crystal clear to me, this measure is going to be implemented by the end of the week.

Just went long financials, a nobrainer!

[D-Mack]

Re: Banking committee - Bernake Paulson Cox

http://gawker.com/5053635/yup-it-rea...depression-lol

[GRG55]

Re: Banking committee - Bernake Paulson Cox

Which do you think is pulling or pulled in the most viewers, what you are watching or the OJ murder trial?

Where oh where is Paris Hilton when you need her most...:p