Posted on 10/10/2008 4:11:43 PM PDT by dynachrome
CNBC.com Henry Paulson --------------------------------------------------------------------------------
“I don't wish to spread alarm on the line people but the big issue confronting the market is I'm afraid the health and sustainability of Morgan Stanley [MS 9.68 -2.77 (-22.25%) ] and Goldman Sachs [GS 88.80 -12.55 (-12.38%) ]," Hugh Hendry, Partner and CIO at Eclectica, told CNBC early Friday. "It is unimaginable that they can be allowed to go, I suspect that they will be nationalized at some point today or over the weekend," he added.
(Excerpt) Read more at cnbc.com ...
He's one of the nicest, most hard working, decent human beings on this planet...
..He has a sweet wife who homeschools their three children...
..he is part of our praise & worship team at church...
he is not wealthy
....he is the 'face' of the other side, the side people feel they can make rude comments about.
I really wish you wouldn't.
I understand what you are saying, but does that mean we save a failing firm with my tax money? Many times the lower level people have no idea how corrupt the company has become.
And as a follow up, would he still continue working there if nationalized?
“Why else would congress vote for a bail out when 99 out of a 100 people were against it? What do they know that we don’t know?”
Because they know something most people do not know.
They know something the textbook academic economists who are befuddled by Bush’s actions don’t know.
They never mention only foreign authorities were calling for this in the beginning.
The never mention Bush’s people are not meeting with top American experts, but the G7.
It’s not in their textbooks.
The foreigners are more invested in mortgage backed securities and Goldman and JP Morgan than Americans are.
Bush is acting for the foreigners first. He always gives clues to foreign concerns in his speeches of late.
What is their leverage over Bush?
They are also financing his deficits. They threaten to end that, and that would collapse Bush’s dreams of big government.
Conservative noise-makers are mostly quiet because they rather not think about the fact their fantasies about tax cuts without spending cuts are now shot to hell. Deficits DO have consequences after all.
“but does that mean we save a failing firm with my tax money”
Who did bush meet with today? Concerned Americans? Nope.
It’s a foreign bailout. They financed much of Bush $5 trillion spending binge. He’s cornered.
Plus, his point man is Paulson, the very person who helped push MBS and other exotic paper on the foreigners.
Morgan Stanley just acquired Washington Mutual last week. What’s up with that?
And what was it that Paulsen use to run? hmmmmm.
What’s the problem?
It’s just a few more trillion dollars.
I’m sure the government knows what’s best for us.
/sarc
Seems to have flipped to the dark side. But I would guess a "Rockefeller Republican" from the start - i.e., semi-socialist.
I’m sure the Constitution of United States of America is as ‘Alien’ to the democrats as any creature Sigourney Weaver ever encountered in the movies.
Yeah, I can tell. /s
the reason the dems dumb down public skools and colleges
is so that the majority of folks will not notice
what barney frank, chris dodd, franklin raines, jamie gorelick, et al did.
an informed public would demand their ouster.
It's more akin to lending but the issuer generally has the privilege of not paying the fixed dividends when money is not available, instead of the catastrophe of defaulting on a debt instrument.
Also, these dividends can be made cumulative, so that they can be paid at a later time if the money does become available.
I would guess calling the shares “nonvoting” doesn’t really mean anything. The gov’t will be calling the shots.
Friday evening and so far...
* 2 banks went into FDIC receivership & complete balances handed over to other banks.
* Feds want to take ownership of banks.
* TED spread soared yet agains today, to an unprecendented high of 4.64.
* Dollar improves and Gold plunges.
* Yield curve gets even steeper.
Recommendation: Invest in hard liquor.
Not stocks, just for drinking.
Allegedly, the government doesn’t have voting rights in my household either, but you see where that’s gotten us, don’t you?
According to the National Enquirer, Jamie Lynn Spears might be pregnant again. Caylee’s mom looks to be guilty.
Pay attention to the important stories!/sarc
I'm with you, but we know Bush won't quit, and the stinking federal government does not give a dang about the Constitution. Look how the Constitution has been torn to pieces in the last 40-50 years. THIS IS A TOTAL ATTEMPT by the Marxists, Socialists, and weak spined republicans to empower the federal government as never before. They will nationalize everything. Big oil, nope, USA Oil, USA Insurance, USA Auto, USA Big Box Store, USA Health Care, USA Education, USA Big Brother over every aspect of our very lives. The damned sad thing is, this is what the majority of America now wants. They WANT the federal goverment to be their mommy and daddy. So they don't have to worry about anything. Big Socialism will take care of it.
better
It is an economic coup d’état for global communism.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.