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Topic: Agreements by our government to the banks, car makers and AIG.

Bob Frey
Member

Member Rated:

posted

Agreements by our government to the banks, car makers and AIG.

http://www.treas.gov/initiatives/eesa/agreements/index.shtml

More stuff:

http://www.treas.gov/initiatives/eesa/

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glassman
Member

posted

man that's alot of heavy reading...

it looks like the tranche reports here,
http://www.treas.gov/initiatives/eesa/tranche-reports.shtml
give summaries of what they did,
but they are pretty vague.

359 banks bailed out...

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
Member

posted

treasury says Citbank has 2 trillion in assets and now it has a market cap of 5.5 billion?

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Don't envy the happiness of those who live in a fool's paradise.

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Relentless.
Member

posted

We see recession/depression.
Govt see buying op

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glassman
Member

posted

quote:
Originally posted by Relentless.:
We see recession/depression.
Govt see buying op

i'm wondering if we'll be sitting here in ten years wishing we'd bought C at a buck or not...

i've bought crappier co's for more [Wink]

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Don't envy the happiness of those who live in a fool's paradise.

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Relentless.
Member

posted

lol aint that the truth

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T e x
Member

posted

quote:
Originally posted by glassman:
man that's alot of heavy reading...

it looks like the tranche reports here,
http://www.treas.gov/initiatives/eesa/tranche-reports.shtml
give summaries of what they did,
but they are pretty vague.

359 banks bailed out...

So...your headline, kicker, and first sentence would be?

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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glassman
Member

posted

quote:
Originally posted by T e x:

quote:
Originally posted by glassman:
man that's alot of heavy reading...

it looks like the tranche reports here,
http://www.treas.gov/initiatives/eesa/tranche-reports.shtml
give summaries of what they did,
but they are pretty vague.

359 banks bailed out...
So...your headline, kicker, and first sentence would be?

i dunno Tex. it all sux, but i don't beleive there were any alternatives.

all this simplistic "let it fail" stuff is nonsense.

alot of people belong in jail and aren't going to be put there.

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Don't envy the happiness of those who live in a fool's paradise.

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T e x
Member

posted

you might find this worthwhile:

http://www.hlpronline.com/Levitin_HLPR_011909.pdf

Harvard-related, "cram-down," basically...

doesn't seems to be informed re: CDSs vis a vis Trimbath, but still pretty good in scope.

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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glassman
Member

posted

"tranche warfare" i like that.. which gives us the answer to why nobody was instersted in bailing out individuals....

in many cases, foreclosure is
often more profitable to servicers than loan modification. Servicers receive fixed-rate
compensation for a limited duration when a loan is modified, but get unmonitored costplus
compensation in foreclosure. Therefore servicers are incentivized to foreclose rather
than modify loans, even if modification is in the best interest of the MBS holders and the
homeowners.18

that's the smoking gun... they hung AIG because it was profitable. the CDS's are the compensation.

the taxpayers were stuck by the servicers.

Obama's plan incentivises the servicers more than homeowners, that's why i couldn't beleive Rick Santelli went on that rant when he did...

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Don't envy the happiness of those who live in a fool's paradise.

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Machiavelli
Member

Rate Member

posted

quote:
Originally posted by glassman:

quote:
Originally posted by Relentless.:
We see recession/depression.
Govt see buying op
i'm wondering if we'll be sitting here in ten years wishing we'd bought C at a buck or not...

i've bought crappier co's for more

I'm really itching to.. believe me... but i'll wait for it to sink further and then perhaps buy it up...

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Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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T e x
Member

posted

"Obama's plan incentivises the servicers more than homeowners, that's why i couldn't beleive Rick Santelli went on that rant when he did..."

speaking of, Jon Stewart's retort has garned much attention:

http://www.huffingtonpost.com/will-bunch/what-battered-newsrooms-c_b_172397.html

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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The Bigfoot
Member

Member Rated:

posted

Yeah,

Stewart really put the screws on. Its not really surprising that Colbert and Stewart are the number 1 news source for 20 somethings when you see that kind of montage.

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No longer eligible for government service due to lack of tax issues.

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glassman
Member

posted

the sad part is that it's on comedy channel

when limbugger started out on radio? my grandparents listened to him.

that's how i was first introduced to him. i asked them point blank how they could stand to listen to him tell them how smart he thinks he is? they said he was "funny"....

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Don't envy the happiness of those who live in a fool's paradise.

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