Comments on: What do China, Japan, and the U.S. have in common? http://www.ritholtz.com/blog/2008/11/what-do-china-japan-and-the-us-have-in-common/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 15:05:43 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: tenaciousd http://www.ritholtz.com/blog/2008/11/what-do-china-japan-and-the-us-have-in-common/comment-page-1/#comment-125527 tenaciousd Tue, 11 Nov 2008 15:14:00 +0000 http://www.ritholtz.com/blog/?p=8900#comment-125527 Another big question: Is Bush going to do anything between now and Jan. 20? Another big question: Is Bush going to do anything between now and Jan. 20?

]]> By: constantnormal http://www.ritholtz.com/blog/2008/11/what-do-china-japan-and-the-us-have-in-common/comment-page-1/#comment-125493 constantnormal Tue, 11 Nov 2008 12:25:07 +0000 http://www.ritholtz.com/blog/?p=8900#comment-125493 When the Chinese promise to use a "heavy hand" in pushing their bail-out package, does this mean that the money will arrive accompanied by truckloads of armed soldiers to ensure that the recipients accept it? Or perhaps does it mean that the armed soldiers assumed to be accompanying the money (this would represent the "heavy hand") take any managers deemed to be incompetent out back and "fire" them? If that is the case, perhaps we should outsource our own crisis management to the Chinese, as Hank Paulson doesn't seem to be doing such a good job of managing the taxpayers' money. Bloomberg story on irate taxpayers, irked by them losing their jobs while Wall Street silently suffers reduced bonuses: http://www.bloomberg.com/apps/news?pid=20601087&sid=apRDGKM7Sbi8&refer=home A $67.9M bonus on top of a $600K salary doesn't sound very "reduced" to me ... When the Chinese promise to use a “heavy hand” in pushing their bail-out package, does this mean that the money will arrive accompanied by truckloads of armed soldiers to ensure that the recipients accept it?

Or perhaps does it mean that the armed soldiers assumed to be accompanying the money (this would represent the “heavy hand”) take any managers deemed to be incompetent out back and “fire” them?

If that is the case, perhaps we should outsource our own crisis management to the Chinese, as Hank Paulson doesn’t seem to be doing such a good job of managing the taxpayers’ money.

Bloomberg story on irate taxpayers, irked by them losing their jobs while Wall Street silently suffers reduced bonuses:
http://www.bloomberg.com/apps/news?pid=20601087&sid=apRDGKM7Sbi8&refer=home

A $67.9M bonus on top of a $600K salary doesn’t sound very “reduced” to me …

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