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To: Think4Yourself who wrote (192662)3/23/2009 3:04:33 PM
From: Jim McMannisRespond to of 306849
 
RE:"There really were no other candidates who knew enough about what was going on."

Obama = "the one"

Geithner = "the only one" ?

Unbelievable.

There were people with actual experience...



To: Think4Yourself who wrote (192662)3/23/2009 3:14:37 PM
From: MoneyPennyRead Replies (4) | Respond to of 306849
 
It does no good to present reasoned responses here on this thread at this time. This has become a food fight thread with everyone rooting for the systemic failure of the world whether they acknowledge that or not.

Not sure why, but we have lots of people here probably in low level executive jobs or retired who feel they have a better handle on the financial morass created over the past 12-20 years. I know my 40 years of design and planning have given me great expertise on black scholes modelling, etc etc. <G>

I think it is a matter of keep your allies close and your enemies closer on some of the positions. I imagine one must just hold one's nose and try to find the person with the most inside information and promise to hold his feet to the fire. At least some may have a better concept of where the bodies are buried and how to unwind this thing.



To: Think4Yourself who wrote (192662)3/23/2009 9:53:42 PM
From: Les HRead Replies (1) | Respond to of 306849
 
Bill Seidman, a former regulator who ran the government bailout during the savings and loan crisis, said Congress' perceived anti-Wall Street sentiment will "almost certainly keep some investors out" of the plan.

Investors "are going to want assurances" that their money will be safe, Seidman said.

Ludwig, now chief executive of Promontory Financial Group, noted that the $700 billion bailout fund is mostly exhausted, meaning that the Treasury and Federal Reserve must make best use of the remaining money and whatever private money they attract.

news.yahoo.com



To: Think4Yourself who wrote (192662)3/23/2009 10:09:03 PM
From: i-nodeRespond to of 306849
 
>> I do NOT like Geithner but we are stuck with him for the time being.

In the words of De Gaulle, "...graveyards are full of indispensable men".

Reality is there is always someone else who could do the job. It is silly to think that this individual who didn't have the integrity to properly report his income taxes is the only person in the world who can do this job.

Nobody is that important. Even the president can, and is, easily replaced every four years.