Morgan’s Roach: Fed Following BOJ ‘Script’ on Policy
By Barry Ritholtz - November 13th, 2008, 11:00AM
Click for video
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Stephen Roach, chairman of Morgan Stanley Asia Ltd., talks with Bloomberg’s Arnold Gay in Singapore about the U.S.’s $700 billion Troubled Asset Relief Program, the effectiveness of the bailout package, and European and U.S. monetary policies. (Source: Bloomberg)
00:00 “Disappointed” with change to bailout package
02:04 Europe in recession; Fed following BOJ script
Running time 04:31
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Source:
Morgan’s Roach Says Fed Following BOJ `Script’ on Policy: Video
Bloomberg, Nov. 13 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=akg9vPUhke0I
November 13th, 2008 at 11:15 am
Goldman Sacs just set a new bar.
*DJ General Motors Share Rating Suspended At Goldman Sachs
GS realizes that sell ratings are causing more sales and will cause the end of the industry with the negativity. Best thing to do is stay aside and let the market figure it out.
November 13th, 2008 at 1:22 pm
Roach’s reaction to pulling the TARP is decidedly out of step with other market participants, who believed buying that sh-t was not the best path forward.