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Sunday Morning Talk Show Thread 21 September 2008
Various driveby media television networks ^ | 21 September 2008 | Various Self-Serving Politicians and Big Media Screaming Faces

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.


TOPICS: Breaking News; News/Current Events
KEYWORDS: 110th; banking; barneyfrank; boehner; chrisdodd; economicpolicy; economy; fed; financialcrisis; govwatch; guests; kyl; lineup; news; paulson; portman; redcross; ronpaul; schumer; shelby; sperling; sunday; talkshows; treasury
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To: SE Mom

BamBam is playing at being President again. What a jerk.


461 posted on 09/21/2008 12:12:39 PM PDT by Boston Tea Party
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To: brooklynlou
HMMMMMMMM.....

As of last quarters report, they have a 150B in cash!

82B in sales after a 50% haircut on normal sales.....

I think someone is looking at the unregulated investment division, and that's just a portion of it.

462 posted on 09/21/2008 12:13:50 PM PDT by Cold Heat (Well....................................That's .....that.........)
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To: Cold Heat

I understand what you’re saying- and I don’t necessarily disagree, but it goes against every instinct I have.

I tend to see life as cyclical- and through my own experience and observation have come to believe that interference in normal cycles is ultimately destructive as a rule.

I don’t desire to watch my country go through a time of hunger, want and poverty. But I’m beginning to think that might be the legacy we’re leaving to our children and their’s..

How many times have we bemoned the fact that we’re a nation grown soft, spolied, demanding and that sooner or later it will be our downfall? Well- if we figure a way out of our downfall- what will we have really learned as a country and what are we teaching?

Tough questions and I don’t like any of them. I’d much rather be focusing on how we have a better energy plan than the Dems- or what new crazy thing Obama or Biden have said.


463 posted on 09/21/2008 12:14:05 PM PDT by SE Mom (Proud mom of an Iraq war combat vet-McCain/Palin 08)
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To: SE Mom
I have mixed thoughts about this staggering bailout proposal - and am trying to learn as much as I can from various points of view.

Speaking only for myself, there is no better position to take than the one you describe. The situation is complex, and the best description that I can muster is to state that Government/Private institutions are now caught in the rapids of a financial river moving swiftly toward the Niagara Falls of the credit stream.

The bailout sounds reasonable in the context of a looming meltdown; and doing nothing, to quote Andrew Mellon, could result in some serious"liquidating". However, I heard Bill Kristol, through his high speed mumbling this AM on FNS, refer to an interesting article with another point of view.
464 posted on 09/21/2008 12:17:00 PM PDT by PerConPat (A politician is an animal which can sit on a fence and yet keep both ears to the ground.-- Mencken)
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To: Morgan in Denver
"I see three culprits in the financial mess. Corporate, executive and congressional. Corporations are doing what they always do, anything to make their profits."

Still drinkin' that '60s wine (whine?), eh?

It wasn't all that great a vintage then, and it surely hasn't aged well, what with the Reagan effect and all...

Corporations are just entities like any other, and only do what the people running them do.
If those people are crooks and slimewads, you get a crooked corporation.

OTOH, who's going to save you?

Government people like Eliot Spitzer?

465 posted on 09/21/2008 12:17:09 PM PDT by Redbob (W.W.J.B.D. - "What Would Jack Bauer Do?")
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To: SE Mom

the difference is that the republicans will create an RTC and it will have a limited life.

The democrats will create a new oversight agency that will never dissapear.


466 posted on 09/21/2008 12:21:00 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: rodguy911
"If I had to guess I would say that Rush gets as much as 35-50% of his info off the web."

Read the Wall Street Journal: I can pick out what his topic of the day is going to be from the hottest topics on the editorial pages.

467 posted on 09/21/2008 12:24:37 PM PDT by Redbob (W.W.J.B.D. - "What Would Jack Bauer Do?")
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To: SE Mom
have come to believe that interference in normal cycles is ultimately destructive as a rule.

True! Very true....But there are exceptions, and yes, I agree with you on just how ignorant and lazy the populace as become.

lessons learned would be a good thing, but I don't think we want to dive into the tank without a snorkel.

Hunger is something you never forget, nor wish on someone else. Survival is something we have forgotten how to do, and political unrest of a kind that we have never experienced is just around this corner we are speaking of, so I fear not for myself, but for my kids and their kids.

I know what hunger and fear is like, but they don't.

Bush would have to suspend Posse Comitatus(murdered the spelling) and mobilize the guard as well as recall the Armed forces to protect the country. I have not even begun yet to explore all the ramifications of this if it were to come to pass.

Best that we avoid it if we can.

468 posted on 09/21/2008 12:25:09 PM PDT by Cold Heat (Well....................................That's .....that.........)
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To: SE Mom; Cold Heat
This morning all I was able to glean from the talking heads in both parties is- it’s awful- we hate it- but it must be done. The only variance was hearing the liberal desire to do even more and go further and the Repulican desire to keep the bill clean.

You need to hear what Ron Paul said this morning on Late Edition for another (once considered the "conservative") view on the banking fiasco and the administration's proposal to fix it.

Ron Paul, Bailouts are a mistake; Late Edition (09/21/08)

Don't expect the major media to report even one word of it, though, as that would cause panic or, heaven forbid, angry phone calls to Republican "conservatives" in Congress demanding they adhere to the Constitution.

469 posted on 09/21/2008 12:37:52 PM PDT by logician2u
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To: PerConPat

Thank you! Finally! An alternative:) I don’t know as it’s any better- or if it would work- but at least it’s not in lock-step with the MOAB (Mother Of All Bailouts)


470 posted on 09/21/2008 12:39:27 PM PDT by SE Mom (Proud mom of an Iraq war combat vet-McCain/Palin 08)
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To: logician2u
Ron Paul has been attacking the financial system because it went off the gold standard among other things. He is not a republican any more than McCain or Hagel is. They are all frauds in that regard.

Ron Paul is right less often then a broken clock, as I Hagel and all the rest of the frauds. you can add McCain to the list as well IMO, but he is closer to the clock.

471 posted on 09/21/2008 12:42:57 PM PDT by Cold Heat (Well....................................That's .....that.........)
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To: Cold Heat

Thanks for listening. (Courtesy of G. W. Bush)


472 posted on 09/21/2008 12:45:26 PM PDT by logician2u
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To: BusterBear

You’re just a glutton for accolades. ROFLOL


473 posted on 09/21/2008 12:50:39 PM PDT by Morgan in Denver (Just Words? Elect Obama and it's too late. There are NO do-overs.)
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To: Cold Heat

“Bush would have to suspend Posse Comitatus(murdered the spelling) and mobilize the guard as well as recall the Armed forces to protect the country.”

Might have to mobilize the Guard, but recall the active troops?

There’s still one or two of us old warmonger farts hanging around to lend a hand. All that time spent with the kids and grandkids on the range ain’t going to hurt, either.

Anybody wants to call me a “Vigilante” for that should consider that I’ve been called far worse for no reason at all and never considered acting out the part.

Play time’s over when you tell me you’re going to wreck my country.


474 posted on 09/21/2008 12:51:12 PM PDT by Unrepentant VN Vet (Dealing with a situation with a speech or voting "Present" just doesn't hack it.)
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To: Unrepentant VN Vet
Play time’s over when you tell me you’re going to wreck my country.

Damn straight!
475 posted on 09/21/2008 12:54:22 PM PDT by stentorian conservative
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To: BusterBear
Don't know. But I think they must come under some kind of regulation, or potential regulation, which makes them hold back from stepping on too many toes.

Do not believe the networks come under FCC control - the local stations are the ones holding the broadcast licenses. The only thing the networks need is to comply with FCC frequency issues using the satellite or microwave relay links. I believe this is why the FCC has no jurisdiction over the 'seven words' when it is sent out over cable or satellite channels. The network doesn't broadcast on the public TV airwaves. Remember breastgate? The FCC went after CBS because they owned local CBS affiliates (If I am remembering correctly).

FNC will not step on any toes because they want to get the guests back - don't think it has to do with licensing.
476 posted on 09/21/2008 12:55:48 PM PDT by Cheerio
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To: Cold Heat

If I remember correctly, Thomas Jefferson was a staunch States Rights advocate. Yet, he acquired and bought into the Louisiana Purchase.

The point is, both sides should have a burp in beliefs under certain circumstances. I don’t fault Jefferson and I applaud McCain for changing when necessary.

Obama, on the other hand, cannot go against his radical base without severe consequences.


477 posted on 09/21/2008 12:56:11 PM PDT by Morgan in Denver (Just Words? Elect Obama and it's too late. There are NO do-overs.)
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To: SE Mom; PerConPat
I read that article, and yeah, it's interesting but it doesn't seem to realize what the problem is!

The author mentions a couple proposal that read as if the entire problem is due to bank mismanagement and low liquidity that can somehow be fixed by the fed injection.

That's already been done! The problem is that the poisoned assets, or securitized mortgage debt obligations are clogged in the system and no amount of injection of capital will bring value to this paper so that it can move and therefore allow the billions and trillions of related assets to move.

700B is simply a estimate of the value of the UNDERLYING assets, and not representative of the total or anywhere near it.

It's a well placed shot at the root of the problem and it takes these base assets out of the system thereby freeing capital for the banks and most importantof all, allowing the related trillion dollar derivative mess to begin to clear at a loss and a big one!

Nobody wins in this but the American economy as whole, and many banks will still fail as a result of the losses, as will investment firms of all sizes. And....the investors.

478 posted on 09/21/2008 12:57:41 PM PDT by Cold Heat (Well....................................That's .....that.........)
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To: SE Mom
Finally! An alternative:) I don’t know as it’s any better-

Neither do I... Frankly, I'm sitting on pins and needles until the market opens tomorrow. I suspect that some time has been purchased by the jawboning, but that time had better be used very wisely. If a carefully constructed dam is not put in the path of this credit hemorrhage, the inevitable collapse will have catastrophic consequences.

I've spent a good part the last week moving about like a rabid squirrel restructuring some of my investments. It's been quite a ride.
479 posted on 09/21/2008 12:58:41 PM PDT by PerConPat (A politician is an animal which can sit on a fence and yet keep both ears to the ground.-- Mencken)
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To: Sunnyflorida
“I think that the financial reporters ignored it.”

I totally agree with this. The SEC is incompetent. Totally, and Cox should be fired. They allow completely bogus assets to be reported on 10-Ks and 10-Qs. Cramer is dead wrong on this. They continue to permit blatant Reg FD violations, which are widespread. They instituted option expensing, which is an idiotic accounting notion, under political pressure.

Last Thursday on his show, Rush played a soundbite of Hank (Maurice R.) Greenberg, he man who built AIG (incidentally, Greenberg has a Bronze Star from WWII, and his unit liberated Dachau Concentration Camp). Basically, Greenberg said that you can have regulations out the kazoo, but they don't mean a thing if incompetent or dishonest "regulatora" abuse the regs and cheat, etc. Transcript follows: GREENBERG: What is regulation? You can't replace management with regulation. Management is still responsible in the final analysis. If you do the right risk management and you have the right controls, then regulation is not going to make a difference there. If you have poor management, you can have all the regulation in the world and that's not going to change anything. And so, you know, my guess is that the problems that have come about have been management problems more than regulatory.

Source: Greenberg quote

480 posted on 09/21/2008 1:00:40 PM PDT by CDB (An American Palin Guy - Big Time)
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