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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (114931)4/4/2008 6:22:16 PM
From: BWACRead Replies (1) | Respond to of 306849
 
<the fed was rolled by dimon>

What do you expect, it was businessman vs a bunch of acadumbics. Sure the acadumbics got rolled.



To: MulhollandDrive who wrote (114931)4/4/2008 6:31:35 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
The Fed was rolled by Dimon, with the help of MER/GS/LEH/MS. (whose balance sheets were far too impaired to be able to pull it off themselves, and they didn't want to take the pain of a legitimate deleveraging). I say tough tit, they shoulda all twisted in the wind. Everyone was so quick to jump to the conclusion that the "Fed HAD to intervene". Why exactly? The GAO really should be brought into this, immediately...With the books closed, why would we assume this is anything but a highbrow stickup job? Because the fine folks at Blackwater....ERRRR, BLACKROCK say so? ROTFLMAO, give me a break!



To: MulhollandDrive who wrote (114931)4/4/2008 7:00:28 PM
From: bela_ghoulashiRead Replies (1) | Respond to of 306849
 
"the fed was rolled by dimon"

And so was Congress.



To: MulhollandDrive who wrote (114931)4/4/2008 8:36:08 PM
From: bentwayRead Replies (2) | Respond to of 306849
 
Bernanke's a master of the Great Depression - he's really THE leading economist-expert on it. I'm sure all the IB bigwigs know it, and use it to get him to pee his pants. Probably doesn't take much fear mongering to do it. He's NOT going to let another one happen.

But the NEXT Depression - can he see THAT? Things are WAY more complicated and globally intertwined now than they were then. I'm not sure ANYBODY has a handle on it.