Friday, February 20, 2009

Statements Like "Short Term Bank Takeovers" Prove Conclusively How Clueless Administration Is

Chris Dodd's brilliance shone today, when he claimed that "short-term bank takeovers" may be necessary... uh???????? Short term nationalization? This is worse than little kids playing Dungeons and Dragons, coming up with rules on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 fly. Unfortunately if cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y roll, well, poorly, on that cool 20 side die, U.S. taxpayers will end up bankrupt or worse.

“I don’t welcome that at all, but I could see how it’s possible it may happen [sic],” Dodd said on Bloomberg Television’s “Political Capital with Al Hunt” to be broadcast later today. “I’m concerned that we may end up having to do that, at least for a short time.”

“I’m sort of stunned in a way that some people are reacting cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 way cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y are about all of this,” Dodd said. “At a time like this, everyone needs to pull in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 same direction.”

Dodd also said he doesn’t want U.S. automakers to go through a prepackaged bankruptcy or a “forced merger.” General Motors Corp., Ford Motor Co. or Chrysler LLC risk liquidation with such actions, Dodd said on cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 broadcast.


The only good thing out of all this is that reality is not defined (not yet) by Dodd's ludicrous perspective on life, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 universe and everything else. But better not risk it - so don't you go pissing off Chris, or he will i) make sure your bonus is $1 dollar in perpetuity, and ii) make it illegal to sell any securities. Ever. Sphere: Related Content
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3 comments:

Anonymous said...

“I’m sort of stunned in a way that some people are reacting cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 way cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365y are about all of this,” Dodd said. “At a time like this, everyone needs to pull in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 same direction.”
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And what direction would THAT be? Head long toward cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 black hole of stupidity??

Anonymous said...

Re: Dodd's ludicrous perspective on life

> Dodd did get a heck of a good loan from Angelo, didn't he?

Securities or lack cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365reof said...

lsat i checked, Dodd was in congress not in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 administration, and unfortunately he is correct. C and BAC would not be alive without government support. Lets just call it as it is and have cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government take cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 bank over, strip cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 bad assets, put in $30B of new capital and IPO. No need to figure out cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 pricing of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365se assets, and have those assets marked down by wiping out tangible and preferred equity.
that is short term nationalization, and is probably cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 end game.