Pull the Plug, a Treasuries Pitch or Stocks?

[don]

In an obviously coordinated move....(wither subtlety and finesse?)

G.O.P. Senators Say Some Big Banks Can Be Allowed to Fail

By J. DAVID GOODMAN and BRIAN KNOWLTON

John McCain and Richard C. Shelby, two high-profile Republican senators, said on Sunday that the government should allow a number of the biggest American banks to fail.

“Close them down, get them out of business,” Mr. Shelby, the senior Republican on the Banking Committee, told ABC’s “This Week With George Stephanopoulos.” “If they’re dead, they ought to be buried.”

While the Alabama senator did not say which banks to shutter, he suggested that Citigroup might be on that list, saying the bank has “always been a problem child.”

Mr. McCain, appearing on “Fox News Sunday,” echoed that sentiment without identifying any banks. Mr. McCain, who lost the presidential election last November, also accused the Treasury Department of avoiding the “hard decision” to let “these banks fail.”

http://www.nytimes.com/2009/03/09/us...kshows.html?hp

[flintlock]

Re: Pull the Plug, a Treasuries Pitch or Stocks?

Why didn't McCain voice this opinion before the election?

[rabot10]

Re: Pull the Plug, a Treasuries Pitch or Stocks?

Why didn't McCain voice this opinion before the election?

McCain is a Moron (look that up in a dictionary) other than that your point is?

[metalman]

Re: Pull the Plug, a Treasuries Pitch or Stocks?

McCain is a Moron (look that up in a dictionary) other than that your point is?

no he isn't. slow, maybe... he's just figured out that the obama admin is keeping these banks alive to pay back campaign contributors

[cjppjc]

Re: Pull the Plug, a Treasuries Pitch or Stocks?

no he isn't. slow, maybe... he's just figured out that the obama admin is keeping these banks alive to pay back campaign contributors

Slow doesn't cover it. Remember this man was counting on Joe The Plumber to save his campain.

[GRG55]

Re: Pull the Plug, a Treasuries Pitch or Stocks?

Slow doesn't cover it. Remember this man was counting on Joe The Plumber to save his campain.

Is that any dumber than counting on Larry Summers to save your Administration?

Just askin'...:rolleyes:

[cjppjc]

Re: Pull the Plug, a Treasuries Pitch or Stocks?

Is that any dumber than counting on Larry Summers to save your Administration?

Just askin'...:rolleyes:

Actually it is. Not by much. But it is. I don't think the President or the former President know what to do. So they go to the old playbook. Just like when a team fires a manager or coach, they mostly bring back former fired manager or coaches.