I think Stiglitz and Ackman are right. The bondholders collateral is in the tank. They should just belly up to their losses and accept equity positions in exchange for their current debt positions. It would recapitalize the banks, make them solvent and avoid the sale of toxic assets into distressed markets.
WTF. They made good bucks on the way up. They can take a some losses now. The main problem I have with government is that they are not stepping in to force a cramdown on bondholder debt.
These BANKS R FUCKIN' INSOLVENT!! CHARLIE ASKED HOW MUCH TROUGLE ARE THEY IN? THEY'RE ALL A TRILLION BUX UNDER!! THEY'RE INSOLVENT AND THEY'RE DONE!! NOBODY EVER SAYS THEY'RE DONE UNTIL THE COPS COME AND CUFF 'EM!! COME ON NOW PEOPLE! DO YOU THINK THEY ARE GONNA TELL YOU THEY'RE REAL SITUATION? HELL FUCKIN NO! NOT UNTIL THE LAST MINUTE!!
Wow.. these are FREAKS! I'm not a Harvard Economist or even a college Grad!! I am a smart fuckin' Jew who knows how to run a bizness! Where is 1 fuckiin Austrian Economist? Charlie is asking siimple questions and these MOTHER FUCKERS R SHOVELING SHIT!! WAKE THE FUCK UP!!! THESE BANKS R STILL FUCKIN' INSOLVENT! CREDIT CARD DEFAULTS N MORTGAGE DEFAULTS R JUST BEGINNING!!! THE GOV'T WILL PRINT $ AND TRY TO SOLVE OUR PROBLEMS WITH INFLATION TO MAINTAIN PRICES.. THE DOLLAR IS DEAD!
These jokes are an embarrassment to Harvard on behalf of ethics, they think people are stupid. I'm a college grad with coursework in economics. If these turkeys were any good at business they wouldn't resort to this. politicians are people that can't make money in business so they thieve it for lobbyists for bribes.
Stiglitz made the right analysis. Ackman is speaking on self interest.
A few banks screwed up so the government makes them stressproof? Nah, let them fail. Aig is the result of criminals. Stressproofing them is a waste.
That means the clients and shareholders prosecute and these bankers go to jail where they belong. If you don't know where you put your money, sorry but the market never guarenteed gains. There's no good sense in taking it from the taxpayers, we didn't fail the banks.
at the risk of sounding "self-righteous and dismissive of someone else's losses", there's no good reason why the taxpayers are supposed to protect criminals.
Suspend the mark to market rule, Enron proved it doesn't stop them from cooking the books.
Many banks that were handed TARP funds with strings didn't fail. ie. Wells Fargo.Goldman Sachs tried to return theirs early.Government is exploiting this to control the financial system. This is not a good thing, since govt allowed it to happen.
Who's the woman? I'd do her....maybe.
androc75 1 year ago
ackman is genius
cazacriter 2 years ago 2
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I think Stiglitz and Ackman are right. The bondholders collateral is in the tank. They should just belly up to their losses and accept equity positions in exchange for their current debt positions. It would recapitalize the banks, make them solvent and avoid the sale of toxic assets into distressed markets.
WTF. They made good bucks on the way up. They can take a some losses now. The main problem I have with government is that they are not stepping in to force a cramdown on bondholder debt.
ecoshift 2 years ago
Comment removed
ecoshift 2 years ago
These BANKS R FUCKIN' INSOLVENT!! CHARLIE ASKED HOW MUCH TROUGLE ARE THEY IN? THEY'RE ALL A TRILLION BUX UNDER!! THEY'RE INSOLVENT AND THEY'RE DONE!! NOBODY EVER SAYS THEY'RE DONE UNTIL THE COPS COME AND CUFF 'EM!! COME ON NOW PEOPLE! DO YOU THINK THEY ARE GONNA TELL YOU THEY'RE REAL SITUATION? HELL FUCKIN NO! NOT UNTIL THE LAST MINUTE!!
YankeeClippa 2 years ago 3
Wow.. these are FREAKS! I'm not a Harvard Economist or even a college Grad!! I am a smart fuckin' Jew who knows how to run a bizness! Where is 1 fuckiin Austrian Economist? Charlie is asking siimple questions and these MOTHER FUCKERS R SHOVELING SHIT!! WAKE THE FUCK UP!!! THESE BANKS R STILL FUCKIN' INSOLVENT! CREDIT CARD DEFAULTS N MORTGAGE DEFAULTS R JUST BEGINNING!!! THE GOV'T WILL PRINT $ AND TRY TO SOLVE OUR PROBLEMS WITH INFLATION TO MAINTAIN PRICES.. THE DOLLAR IS DEAD!
YankeeClippa 2 years ago
These jokes are an embarrassment to Harvard on behalf of ethics, they think people are stupid. I'm a college grad with coursework in economics. If these turkeys were any good at business they wouldn't resort to this. politicians are people that can't make money in business so they thieve it for lobbyists for bribes.
These crooks need to be behind bars.
therealcaptobvious 2 years ago
I feel Ya!
YankeeClippa 2 years ago
i have trouble understanding the hedge fund guy
i dont think he would give me a job:)
daridaist 2 years ago
Where's the third part?
IFknHateUTube 2 years ago 5
Stiglitz made the right analysis. Ackman is speaking on self interest.
A few banks screwed up so the government makes them stressproof? Nah, let them fail. Aig is the result of criminals. Stressproofing them is a waste.
That means the clients and shareholders prosecute and these bankers go to jail where they belong. If you don't know where you put your money, sorry but the market never guarenteed gains. There's no good sense in taking it from the taxpayers, we didn't fail the banks.
therealcaptobvious 2 years ago
at the risk of sounding "self-righteous and dismissive of someone else's losses", there's no good reason why the taxpayers are supposed to protect criminals.
Suspend the mark to market rule, Enron proved it doesn't stop them from cooking the books.
Many banks that were handed TARP funds with strings didn't fail. ie. Wells Fargo.Goldman Sachs tried to return theirs early.Government is exploiting this to control the financial system. This is not a good thing, since govt allowed it to happen.
therealcaptobvious 2 years ago
DITTO!
YankeeClippa 2 years ago
Stiglitz is a Moron!
YankeeClippa 2 years ago
Comment removed
therealcaptobvious 2 years ago