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

To: patron_anejo_por_favor who wrote (176952)	1/14/2009 2:36:24 AM
From: XoFruitCake	Read Replies (3) \| Respond to of 306849

"t would be a major upgrade from scum like Paulson and Geithner." Wow, that is strong word.. I guess Paulson was the CEO of GS and GS was one of the group that drove the bubble and benefitted from the mortgage mess, so may be he deserved it.. But what did Giethner do that deserve that label?? Don't quite understand it.. So no bailout is a good public policy?? i.e. every money market fund in the country shut down. Stock market drop to 200 to 300 on S&P. C, WFC, USB, and every banks go bk and owned by FDIC. Credit makret shutdown completely . Business shut down because they cannot get access to credit. Layoff in the millions. Housing price in free fail and I cannot go buy any milk because farmer don't have any money to produce milk. Are those scenario that make US stronger? What exactly is the government should do? It sound like exaggeration. But if we remembered the week when Reserve break the buck, there was a big run on money market fund. I don't think it is an exaggeration that all the money market fund would have to stop redemption because they cannot sell asset fast enough to pay shareholders without government intervention. The weeks that LEH went bk, there is a big run on MS, GS, and C.. And what about the week AIG almost went BK.... So who should run Treasury and what should have been the right policy? What would Patron have done in that Treasury Secretary or NY Fed governer seat that wouldn't be considered as scum?