| we need a **PUBLIC** audit of their books.
|
Posted on 07/13/2008 3:31:33 PM PDT by Sleeping Freeper
| we need a **PUBLIC** audit of their books.
|
It's bad. This morning the news was that Treasury would explain that everything was okay and there was no need to panic. Now they've moved on to needing to "do" something to prevent the panic. 3 billion in short term bonds goes on sale tomorrow, as scheduled, and if there are no buyers, then there is a significant problem.
Not to worry, though. These corporations are backed by the earning power of the US taxpayers.
Because I don’t trust what’s been put together in private.
Fannie and Freddie need new audits, done in full public view.
That’s not a lot to ask.
And the taxpayer(s-) get the shaft again, and again......
GM and Ford are next. Both are near death at this moment, with their bonds trading like junk and their stocks nearly worthless.
I already have people turning down jobs 15 miles from home that pay $15 because, after gas, they don’t think it’s worth it.
“New regulatory controls” always scare me. Could someone explain to me just how much the Federal Reserve is a government agency, and how much it is a private company? Because I especially don’t like a private company being in charge of regulation.
Sadly enough you are right since it was the Federal Government helping promote this issue with inane laws dictating that loans need to be given even to those not capable of personally handling the loans that they WANT.
Hundredth verse, same as the first.
I can’t figure out anymore why futures keep going up. Futures go up because of tensions with Iran, futures go up when we discover Iran is bluffing in the stupidest way. I don’t think there is rhyme or reason to it anymore.
HA!
Soon to be worth much less....
Between the borrowers and lenders, everyone else lived the high life while you and I stayed in our modest, affordable homes and now we get to bail them out. Yay us.
I don’t think we should help the foreclosure problem or the banks that got in this mess.
Perhaps inflation is thought to be even more important than the Iranian situation?
Audits are done by public accountants who are certified to perform them. What other audit do you propose?
You bring too light a very dangerous fiscal disaster on the horizon. Welfare rolls are cheaper than “pay-roll’s” for the low income sorts that “WERE” working for their role in the economy.
Works for me; take away all their money too;
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Why not use the audited financials in their 10-K? That's a public document, right on the web. For free.