Posted on 09/21/2008 4:57:31 AM PDT by Alas Babylon!
The Talk Shows
Sunday, September 21st, 2008
Guests to be interviewed today on major television talk shows:
FOX NEWS SUNDAY (Fox Network): Treasury Secretary Henry Paulson; Sens. Jon Kyl, R-Ariz., and Charles Schumer, D-N.Y.; Bonnie McElveen-Hunter, chair of the American Red Cross.
MEET THE PRESS (NBC): Paulson; New York City Mayor Michael Bloomberg.
FACE THE NATION (CBS): Paulson; Rep. Barney Frank, D-Mass.; Sen. Richard Shelby, R-Ala.
THIS WEEK (ABC): Paulson; Sen. Chris Dodd, D-Conn.; Rep. John Boehner, R-Ohio.
LATE EDITION (CNN) : Douglas Holtz Eakin, adviser to John McCain; Austan Goolsbee, adviser to Barack Obama; former Rep. Rob Portman, R-Ohio.; Gene Sperling, former Clinton administration economic adviser; Rep. Ron Paul, R-Texas.
To continue our conversation without getting sidetracked, I think there is real merit in looking at the strange financial instruments which comprise much of the market today.
Besides short selling (which took me days to understand) we have these bundled mortgage notes which are split up, weird combinations of stocks in strange mutual funds, and all sorts of things which look to me as nothing more than a fancy substitute for off-track betting.
Stocks I understand. Bank accounts I understand. A note based on betting whether a Chinese company will fail seems a little chancy to me. This is probably why I am not working on Wall Street.
It is absolutely necessary Rodguy from what I can see, and fixing the blame for this financial crisis is a fool’s errand.
There are far too many factors involved to find one culprit.
Poor management at FM/FM were certainly a factor.
Poor lending practices at small institutions, and no requirement for them to bear any risk in the mortages (bundling them and sending to investment firms) was a factor.
Incredibly low interest rates by the Fed to keep the nation out of recession was a factor.
Out of touch homeowners and speculators that actually believed their property was doubling in value every two years was a factor. They number of people refinancing and putting that phantom appreciation in their pockets for higher and riskier paybacks was a factor.
Greedy investors willing to get exorbitant profits on high risk mortgage funds was a factor. Not much different than junk bonds.
Encouraging institutions to grant loans to low income individuals was a factor.
Lack of oversight on this particular piece of the financial markets was a factor.
All of this contributed to the mess we have right now.
I’m just thankful the President appointed men of Bernanke and Paulson’s quality when he did. I shudder to think of a couple of Kerry’s appointments in this situation.
You'll not get any heads unless you get the Opposition party to grow two of something a little lower. Don't hold your breath.
Don't hurt yourself patting yourself on the back. I never considered you the backbone, just an agitator.
I've yet to see a post from you that would cause me to reconsider that opinion.
No response necessary, this is my last post to you.
I Just don't get how AIG links to the world and not saving it jeopardizes all,must be a heck of a lot more to it than just bad loans and clueless borrowers.
Bloomberg: "I know who he is."
Later; Bloomberg again:"It's important to remember that if we want services, we have to pay for them." Is that the same as a balanced budget? That's a concept I don't hear much on thees shows.
The Admins are Gay??
George Will has been an attack dog on republicans for a long time now. His logic is hard to follow sometimes. If he is truly a conservative, he ought to work harder at destroying the real threat to conservatism.... which is liberalism!
He does us no favors by constantly harping on our own shortcomings all the time...especially in election years. There will be time to fix our own house...but if it is set on fire by our own...there is no fixing it!!
There will be the mother of all food fights.
So who do the Dems have out and about and talking about this mess?
On Wolf’s show we have, get this, Chris Dodd.
Why can’t Wolf just ask...just ONCIT....”Hey Chris, how comes you got the most money from Fannie and Freddie?”
Just ask him. Just once!
Talk about audacity.
The entire legislature has done everything but look out for you and I.
That is the way it looks, if we don’t do it it won’t get done.
This corruption will not be investigated by the Establishment press since they are all working on Troopergate.
Pray for W, Sarah and Our Troops
That’s an interesting article, Morgan. One of the things I have been thinking about is how the expectations of the younger folks were raised by advertising and general financial “advice” from the media and our culture in general.
Imagine how many college grads buy houses in excess of what they need, simply because everyone else is buying the same type of house and because they think it’s what you should do.
Lots of younger kids have ZERO understanding of money, so they run up credit cards and get themselves in a bind.
Shows like “Flip That House” and such make everyone think they can hit the jackpot.
It’s just a shame more Americans don’t understand money. I didn’t myself until I was almost past the point of no return. Lots of Americans need to get themselves educated.
Bingo. I'm surprised at the comments on this thread of so many who can't understand why Paulson isn't calling out the libs today.
They are being called out, however as McCain has done yesterday and today both in commercials and while giving the Party weekend speech.
I guess that is my biggest fear, it will be Russian Roulette to see who gets what.
Yes ma’am, one more indictment of our education system.
Yeah, ironically the more the DBM has gone after Sarah the more it appears to have backfired, maybe you can only fool the public for so long before they get it.
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