[Williams]

Let’s face it, the American people have handed control to the worst possible group in this time of crisis.

It’s as though people heard the facts, knew the democrats were the cause of the problem, and then decided to elect them anyway.

[aWolverine]

central counterparties" for the credit default swap market

Ladies and gentlemen, we have our Financial Non-sequitur Award winner!
I don't know which scares me worse, the gullibility of the financial audience that would swallow a term like that, or the sheer cold-blooded murder of the English language required to construct such a farce.

[rabscuttle385]

*Ping!*

[rabscuttle385]

The Money, Banking, and Financial Markets Ping List. "The business of America is business." —Calvin Coolidge FR Keywords: moneylist, bankinglist, financelist Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. Ping list jointly pinged by rabscuttle385 and TigerLikesRooster. To join the ping list: FReepmail rabscuttle385 with the subject line add  moneylist. (Stop getting pings by sending the subject line drop moneylist.)

[BenLurkin]

I wish I was smart enough to know — but this entire “meltdown” or “crisis” seems kinda phony to me.

Almost as if this entire thing is being staged.

Guess I don't trust government very much.

[boxer21]

We had the savings & loan “crisis” in the 1980’s; the dot com burst bubble in 2000-2001 with many people getting hurt then so what exactly happened this time?

What a piece of salesmanship or rather snow job this time with a couple of banks going south. They would have been scarfed up by other banks in any case had the Feds just stayed the hell out of it entirely.

This whole thing was nothing but a hyped excuse for the government to convert to Socialism. I can understand the Democrats’ looter mentality but where was Bush and the rest of our Republican Congress? I guess things moved a little too fast for our geezers who were supposed to represent the American people.

[driftless2]

A few weeks ago Sixty Minutes did a piece of the meltdown, and guess who they fingered as the culprit?: Why Credit Default Swaps naturally. The FMs were not even mentioned. CDSes will be the offical excuse for the Dems, facts be damned.

[woofie]

bump

[Lorianne]

Yes, this will be ‘spun’ more than cotton candy.