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Big Lessons from a Small Bank
Washington Post ^ | 02/11/2009 | Stever Pearlstein

Posted on 02/11/2009 4:58:12 PM PST by fiscon1

Hunkered-down executives and hyperactive traders were more than a little disappointed with what they heard from our straight-shooting new Treasury secretary as he unveiled his plans for Bank Bailout 2.0.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Government
KEYWORDS: domesticpolicy; economy

1 posted on 02/11/2009 4:58:12 PM PST by fiscon1
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To: fiscon1

What a great post...how refreshing, a banker who cares about the people in his community...and doesn’t demand 20 million a year. I said yesterday that the wall street losses were a temper tantrum because Wall Street did not get bad bank or a bunch of fed money to buy these toxic assets at inflated prices-sticking the taxpayer with the bill.

If you ever wonder if the markets are manipulated by these guys...you got your answer yesterday...even the way it went down...400 must have been the cut off...every time it wondered down back it went up, but not to far...how dare these bailed out bankers attempt to blackmail the US government and the taxpayers...do they really think they are ‘masters of the universe’? Based on their drama yesterday, I think they do.


2 posted on 02/11/2009 5:24:38 PM PST by bronxboy
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