I posted a comment on the NY Post site for that article:
In previous takeovers they threw too many investors under the bus in favor of creditors and depositors. At just the moment the banks desperately needed an influx of capital, the gov’t put up a “Do not Invest” sign. Not knowing how the “rules” may change tomorrow, investors are staying away in droves.
I laugh at the media pretending that could have been made better if only Geithner had been more articulate at his disastrous press briefing.
Gasparino’s a smart guy. But he seems to be dancing around the “confidence” problem. Wall Street’s lack of confidence is directly attributable to the HARM that’s been done, not some lack of soothing language.
WTG, good post on the NY POST! I see a couple of ignotant OBorgs also posted, must be the Oborg Graveyard shift.