The Government Wants Airlines to do Something That May Cause Passengers to Melt Down fresnobee.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fresnobee.com Daily Mail and Mail on Sunday newspapers.
And also so that we stem some of the contagion of fear that rippled through the banking sector. how concerns should every day americans be about this? this is not 2008 rerun, the banking sector is much better capitalized liquid, this is about interest rate risk management not credit risk management as it was in 2008. and so we do not need to fear, i think, a melt-down of the banking sector as happened then, having said that they should expect the feds if dic to the treasurer to be firm there should be tough questions asked in congressional hearings whether the feds, particularly the san francisco branch goldman sachs updated the odds of a recession to 35%, up from 25%, so what do you say to
April and the markets get jittery or the credit ratings agencies saying what are you co doing in washington? when they pay attention and they say something or do something, that will catch the attention here in washington and then there will be a deal. neil: normally that s what happens. in the middle of the melt down, we slid 700 plus points because they abandoned tarp or something to fix an economy that was careening. the irony was, they got that vote again, but months later we were thousands of points lower. so are they too weighted to the markets or is that the only thing that gets them off of their deficits? that s one thing. that is a real time reading that they got during that tarp vote. the bill was failing in real time on the floor. that told them how they were doing. it s very rare that they get that immediate judgment. the other thing to watch for, it s hard to believe when you have a debate over the debt ceiling that they don t come up