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To: wardaddy

http://www.opensecrets.org/orgs/list.php?order=A

http://www.salon.com/opinion/greenwald/2009/04/04/summers/

http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/

http://www.americanthinker.com/2009/07/will_dems_allow_goldman_to_man.html

Pays to pay off obama


7 posted on 11/26/2009 9:38:56 AM PST by FromLori (FromLori)
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To: FromLori; Lancey Howard; stephenjohnbanker; Yudan
There is a new book coming out about the deals to save Goldman, Morgan Stanley, Wachovia, AIG etc....they basically wanted JP Morgan to marry most of them.....Ross Sorkin, Too Big To Fail...fascinating read

I am ambivalent...not sure to be honest.

Should we have let all these financial institutions collapse and just dealt with it?

It's hard to say.

And since we “saved” them then why did we let Lehman collapse?

the damned problem is that so many small banks all over the nation and lines of credit to little Joes like me with just mid 8-10 figure commercial debt are dependent to varying degrees on Manhattan firm’s solvency.

What sucks now is that the bailout and TARP loans have just been used to create solvency at taxpayer expense and done zippo to increase credit.

Trust me on that one...it is very difficult to borrow today.

Like this letter says...cash is just sitting....folks are scared....of the economy and how the Federal government is screwing it up.

20 posted on 11/26/2009 11:33:47 AM PST by wardaddy (The movie Valkyrie was excellent...I was surprised. What a cast.)
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To: FromLori

Lady, when I read this, you were the first person I thought of, since you’re on top of all things financial.

Geez. What a mess.

I’m not privy to his email addy but maybe this should be emailed to KD over at the market-ticker.

Since he has been screaming about this shit for 18 months!

meh

Hope you had a great holiday!


41 posted on 11/27/2009 3:17:06 AM PST by Daisyjane69 (Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
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