McCain - Palin
by Epsilon » Fri Oct 03, 2008 7:15 am
Without a doubt, yes! That's why many believe that if given a chance, the
private sector could work through the 'financial crisis' without Congress
getting involved. They would need a few incentives by the Government, but
could mostly likely, get it done equitably and profitably.
private sector could work through the 'financial crisis' without Congress
getting involved. They would need a few incentives by the Government, but
could mostly likely, get it done equitably and profitably.
You put your lips to her lips to stop the lie.
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by withahip » Fri Oct 03, 2008 7:50 am
A major incentive would be not getting taken over by the government. 
Tying this in with the debate - I was sick how the VP candidates did not put ANY of this on the shoulders of the American public living beyond their means. I believe we have a negative savings rate?
Tying this in with the debate - I was sick how the VP candidates did not put ANY of this on the shoulders of the American public living beyond their means. I believe we have a negative savings rate?
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by Frank The Bunny » Sun Oct 05, 2008 9:29 am
Tina Fey's a busy woman these days - doing the opening sketch on each week's SNL.
Good thing for her she's only got 4 more weeks of it.
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Good thing for her she's only got 4 more weeks of it.
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by withahip » Tue Oct 07, 2008 4:21 pm
http://www.msnbc.msn.com/id/24844889/
McCain economic policy shaped by lobbyist
Swiss bank paid McCain co-chair to push agenda on U.S. mortgage crisis
Republican presidential candidate Sen. John McCain’s national campaigngeneral co-chair was being paid by a Swiss bank to lobby Congress aboutthe U.S. mortgage crisis at the same time he was advising McCain abouthis economic policy, federal records show. [See sidebar.]
Gramm joined the bank in 2002 and had registered as a lobbyist by2004. UBS filed paperwork deregistering Gramm on April 18 of this year.Gramm continues to serve as a UBS vice chairman.
Phil Gramm's UBS ProblemIf the Texas senator and McCain adviser wassupposed to keep the Swiss bank out of trouble, he's made a mess of it.
http://www.slate.com/id/2194933/
FormerTexas Sen. Phil Gramm has emerged as the key behind-the-sceneseconomics/Wall Street guy for John McCain and is being touted as thetreasury secretary in waiting. Since 2002, Gramm has been an executivewith the U.S. operations of UBS, the giant Swiss Bank. Anunintentionally hilarious interview with Gramm on the Wall StreetJournal editorial page last week asserted that Gramm has 'been a keyinstigator of some of the biggest money-making UBS deals of recentyears.' The interview was noteworthy not just for first-classbutt-kissing, but for deliberately gliding over the avalanche ofdisasters in the past year that has turned UBS from a respected Swisstitan of discretion and risk management into a laughing stock. As thisone-year chart shows, UBS's stock lost nearly 70 percent of its valueand now stands at levels not seen since 2002, when Gramm signed up.
McCain economic policy shaped by lobbyist
Swiss bank paid McCain co-chair to push agenda on U.S. mortgage crisis
Republican presidential candidate Sen. John McCain’s national campaigngeneral co-chair was being paid by a Swiss bank to lobby Congress aboutthe U.S. mortgage crisis at the same time he was advising McCain abouthis economic policy, federal records show. [See sidebar.]
Gramm joined the bank in 2002 and had registered as a lobbyist by2004. UBS filed paperwork deregistering Gramm on April 18 of this year.Gramm continues to serve as a UBS vice chairman.
Phil Gramm's UBS ProblemIf the Texas senator and McCain adviser wassupposed to keep the Swiss bank out of trouble, he's made a mess of it.
http://www.slate.com/id/2194933/
FormerTexas Sen. Phil Gramm has emerged as the key behind-the-sceneseconomics/Wall Street guy for John McCain and is being touted as thetreasury secretary in waiting. Since 2002, Gramm has been an executivewith the U.S. operations of UBS, the giant Swiss Bank. Anunintentionally hilarious interview with Gramm on the Wall StreetJournal editorial page last week asserted that Gramm has 'been a keyinstigator of some of the biggest money-making UBS deals of recentyears.' The interview was noteworthy not just for first-classbutt-kissing, but for deliberately gliding over the avalanche ofdisasters in the past year that has turned UBS from a respected Swisstitan of discretion and risk management into a laughing stock. As thisone-year chart shows, UBS's stock lost nearly 70 percent of its valueand now stands at levels not seen since 2002, when Gramm signed up.
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by Frank The Bunny » Thu Oct 09, 2008 3:42 pm
Oh Boy!
My dreams of my 401(k) dropping by 30% have become a reality!
My dreams of my 401(k) dropping by 30% have become a reality!
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by withahip » Thu Oct 09, 2008 11:04 pm
..businesses are suffocating because so many require regular access to short term loans.....economic activity is grinding to a hault, large job losses and decreased earnings are headed our way
there are $54 Trillion dollars worth of bond insurance contracts out there....if the economy starts nosediving, lots of companies will default on their loans, and if/when that happens, the banks that sold this $54 Trillion in bond insurance contracts (CDO's / CDS's) will start to fail.....it's a vicious circle
to give you some relative basis, the annual GDP of the entire U.S. is about $14 Trillion
we are on the edge of the precipice . . if we don't go over - it will be amazing.
there are $54 Trillion dollars worth of bond insurance contracts out there....if the economy starts nosediving, lots of companies will default on their loans, and if/when that happens, the banks that sold this $54 Trillion in bond insurance contracts (CDO's / CDS's) will start to fail.....it's a vicious circle
to give you some relative basis, the annual GDP of the entire U.S. is about $14 Trillion
we are on the edge of the precipice . . if we don't go over - it will be amazing.
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by withahip » Thu Oct 09, 2008 11:30 pm
700 billion sound good?
http://www.businessweek.com/investor/co ... op+stories
Forget Normal
Normally even falling stock markets take a break from time to time, as the vultures swoop in to pick up stocks at bargain prices.
But now, the market's psychology is anything but normal.
Every time the stock market rallies—as it did on the morning of Oct. 9—"there are tons of sellers everywhere," says Dave Rovelli, managing director of equity trading at Canaccord Adams. "People just want out."
Panic in financial markets—just as in everyday life—is explained by the fight-or-flight instinct. "That makes people overreact," says Avanidhar Subrahmanyam, a professor and expert on market psychology at the UCLA Anderson School of Management.
Not only are stock traders running scared, so are financial institutions. "You've got panics not only among individual investors but panic in the industry itself," says John Merrill, chief investment officer at Tanglewood Capital Management.
Dysfunction in the credit markets means financial firms lack the confidence to transact business with each other.
Irrational Despair?
A panic is a "situation in which people do things that contradict rationality," says Paolo Pasquariello, a professor at the University of Michigan's Ross School of Business.
But by that definition, is this really a panic? "It's difficult to say people are selling because they are panicking," Pasquariello says. Selling now isn't necessarily irrational, he says. There are plenty of good reasons to move from riskier to safer investments at a time when the financial system has stopped working and a serious economic slowdown looks imminent to many economists.
By contrast, Subrahmanyam is more convinced the markets are behaving irrationally. It's not as if we've had a nuclear war and "real" assets were destroyed, he says. Rather, problems are in the financial sector, not the "real" activity in the rest of the economy. "The real, nonfinancial base of the economy is still fairly strong," he says—far stronger than during, for example, the Great Depression.
http://www.businessweek.com/investor/co ... op+stories
Forget Normal
Normally even falling stock markets take a break from time to time, as the vultures swoop in to pick up stocks at bargain prices.
But now, the market's psychology is anything but normal.
Every time the stock market rallies—as it did on the morning of Oct. 9—"there are tons of sellers everywhere," says Dave Rovelli, managing director of equity trading at Canaccord Adams. "People just want out."
Panic in financial markets—just as in everyday life—is explained by the fight-or-flight instinct. "That makes people overreact," says Avanidhar Subrahmanyam, a professor and expert on market psychology at the UCLA Anderson School of Management.
Not only are stock traders running scared, so are financial institutions. "You've got panics not only among individual investors but panic in the industry itself," says John Merrill, chief investment officer at Tanglewood Capital Management.
Dysfunction in the credit markets means financial firms lack the confidence to transact business with each other.
Irrational Despair?
A panic is a "situation in which people do things that contradict rationality," says Paolo Pasquariello, a professor at the University of Michigan's Ross School of Business.
But by that definition, is this really a panic? "It's difficult to say people are selling because they are panicking," Pasquariello says. Selling now isn't necessarily irrational, he says. There are plenty of good reasons to move from riskier to safer investments at a time when the financial system has stopped working and a serious economic slowdown looks imminent to many economists.
By contrast, Subrahmanyam is more convinced the markets are behaving irrationally. It's not as if we've had a nuclear war and "real" assets were destroyed, he says. Rather, problems are in the financial sector, not the "real" activity in the rest of the economy. "The real, nonfinancial base of the economy is still fairly strong," he says—far stronger than during, for example, the Great Depression.
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