MoA - March 2009 moonofalabama.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moonofalabama.org Daily Mail and Mail on Sunday newspapers.
MoA - July 2008 moonofalabama.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moonofalabama.org Daily Mail and Mail on Sunday newspapers.
we have a situation even today the new york times reports that the attorney general from new york is getting pressure from the obama administration to stop investigating these banks and to simply settle for pennies on the dollar. tim, before i get you in, a friend of the show named barry ritholz. he said any honest broker of the situation, looking back on what went on, would have imposed the following conditions for this enior management of the banks. two, band all lobbying activity as a condition of any aid. remember, they re now swarming capitol hill to make sure that all the capital requirements and other regulations coming out of this are toothless. three, force a prepackaged bankruptcy. barry actually said swedish style. i thought that was a little too swedish for our show today. instead, he said, we bailed out the bondholders and management, choking off hope for a robust recovery. is he right? he s right. i would have not just made sure the ceos got fired. i wished that gol