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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (49119)	4/24/2009 2:37:48 PM
From: energyplay	Read Replies (1) \| Respond to of 217842

I don't think Ken Lewis is trying to cover his ass, because there is a lot of evidence that Wells Fargo was also coercced into taking the TARP money, and then told what to do - go buy Wachovia and keep it away from Citibank. I think Lewis and the B of A board had no choice but to go along, or be replaced by some Paulson flunkie, who would really screw over the B of A sharholders. If Ken Lewis stays, it puts more pressure on the government to fullfill Paulson's promise to B of A to cover the Merill's loss.

To: Haim R. Branisteanu who wrote (49119)	4/24/2009 8:17:22 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217842

i am not surprised by the revelations i would not be shocked by revelations of worse i am surprised by the lack of panic on main street everywhere almost as if folks are saying, "i know it will be bad, or worse, by multi-generational basis perspective, but as i do not know what to be panicked about having not experienced bad times, i am going to continuing living as i am used to, even though i (and everybody else) took a 50% hit to balance sheet (if we mark everything to sorry market), because i ain't selling, and my income is still ok; besides, what else can i do?" the only folks who are nervous are moolah managers fearing the loss of their franchise to loot, folks who are in process of losing homes or have lost jobs (and in europe, not even the unemployed, as their income is continuing at healthy clip via tax payer largess), and folks who had experienced bankruptcy and near total financial disaster. iow, the majority of all arre not taking the crisis seriously enough. when they do, and they will, the blowback could be terrible.