I did an interview with NPR yesterday on the Bank of America, Citi bailouts:

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Audio link

Category: Bailouts, Media

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

6 Responses to “NPR: Citigroup To Split In Two”

  1. Stuart says:

    That none of the regulators, top Govt officials and/or the CEOs of every bank affected, failed to see the depth and the rapidity of the banking collapse is staggering. BofA is now effectively nationalized. I could not imagine the Captain of the Titanic being more surprised at his outcome. Either that or they did see it and they were lying to the public all along as to the severity of the problem. Either way, it’s a damning indictment as to the managerial oligarchy of the nation.

  2. royrogers says:

    at this point, who cares citigroup disintegrates into a thousand pieces.

  3. Art Shipman says:

    Stuart, they all saw it coming. But the had to keep “dancing” as Ritholtz says, because the dancers were making money right up until the music stopped. If 90% of them stopped early, the other 10% would have made ALL the money. So they all had to dance, and hope for the best.

    The best, I guess, is getting bailed out. Their best, anyway.

    Roy, the big fear is that one big bank disaster leads to 10 which leads to 100 which leads to 1000. It very soon becomes too big to stop. And then you have a Depression, or a Dark Age. Other than that, who cares.

    AS

  4. royrogers says:

    Art Shipman Says:
    January 18th, 2009 at 2:28 am
    ……………………………………………………

    Roy, the big fear is that one big bank disaster leads to 10 which leads to 100 which leads to 1000. It very soon becomes too big to stop. And then you have a Depression, or a Dark Age. Other than that, who cares.

    AS

    I believe we are already in a deppression except for the big boys running the banks and
    the US government.
    These banks should be allowed to fail, like many have suggested.

  5. peachin says:

    Moving up – NPR – very good Barry – Since I don’t remember when you have visited Larry Kudlow – cause
    I don’t watch him – but people who don’t know you – might misunderstand you – “you are who you are with”
    Good Move!

  6. timbuck2 says:

    NPR ? NPR ?! WOW !!! You are who we thought you were.