Comments on: Busted Banks Rebuff Regulation

By: General Motors and CDS Leeches - Gold Speculator

General Motors and CDS Leeches - Gold Speculator — Tue, 02 Jun 2009 15:17:27 +0000

[...] blood from the host until it (the host) expires. Barry Ritholtz of The Big Picture, says in an article yesterday morning:It’s yet another reason for why they should have been put into bankruptcy once [...]

By: Financial Overhaul Plan ? | The Big Picture

Financial Overhaul Plan ? | The Big Picture — Tue, 02 Jun 2009 11:21:17 +0000

[...] I lamented that “So far, the Obama administration approach to bailouts has been to keep running Bush [...]

By: Wes Schott

Wes Schott — Tue, 02 Jun 2009 01:18:03 +0000

…total bs

why would all aspects of the deal not be transparent?

because, someone is pulling a fast one

By: seneca

seneca — Mon, 01 Jun 2009 23:37:24 +0000

Politicians giving taxpayers’ money to corporations who then use the money to pay lobbyists to sway the politicians is not exactly an unknown practice inside the Beltway. Everyone is in favor of recycling, no?

By: Suburban Guerrilla » Blog Archive » Rebuffing Regulation

Suburban Guerrilla » Blog Archive » Rebuffing Regulation — Mon, 01 Jun 2009 20:53:09 +0000

[...] Ritholtz at the Big Picture is fed up with the banking bailout: Front page of the NY Times goes over the shameful behavior of banks — one of the primary causes [...]

By: Christopher

Christopher — Mon, 01 Jun 2009 18:39:48 +0000

Up is down.
Black is white.

GM is up 14% today.
LOLOL

So what happens when the FDIC goes broke??
http://www.businessinsider.com/chart-of-the-day-deposit-insurance-fund-balance-2009-6

PS
30/30/30/10 – QID/SDS/TBT/GLD

I’m still betting that reality will win in the end.

But it does all remind me of a song.
:)
http://www.youtube.com/watch?v=5uEeKAXkiAE

By: leftback

leftback — Mon, 01 Jun 2009 17:35:41 +0000

LB isn’t given to panic or emotion. Some you win, some you lose, but another squeeze does not a bull market make.

By: Pat G.

Pat G. — Mon, 01 Jun 2009 17:17:40 +0000

“Busted Banks Rebuff Regulation”

Well of course they do. So do welfare, unemployment and Social Security recipients. However, the latter is forced to conform or they don’t get assistance. Wouldn’t it be great if this country had just one set of laws or rules for everyone? Keep dreaming.. Money talks and BS walks. That’s what will end up leading to the fall of the U.S. and democracry as we know it.

By: bubba

bubba — Mon, 01 Jun 2009 17:01:22 +0000

Jdamon33 said:

“Who else wishes they had the conviction of Steve Barry right about now? QID has been getting pounded day after day after day…..”

methinks when steve barry throws in the towel will pretty much be it for this bear rally.

By: How the Common Man Sees It

How the Common Man Sees It — Mon, 01 Jun 2009 16:51:06 +0000

@leftback http://www.ritholtz.com/blog/2009/06/busted-banks-rebuff-regulation/comment-page-1/#comment-178233

While we are on the subject of truth, can anyone explain to me how incomes managed to “surge” this morning, even as unemployment marches inexorably past 9%…??

It is a simple reason in union shops. Due to seniority, they have to lay off the cheap seats guys first so the folks with the lowest seniority and pay tend to get axed first. I don’t know if buyouts are factored into income measurements but that could also contribute to the boosting of incomes.

Another factor, and I’ll remind you I’m digging this out of the trivia closet in my head here, is that the least valuable employees should be the first ones to go. They would also presumably be the lower paid ones. After all, if they don’t know where the copier paper is hidden what are they being paid for?

I have heard that productivity is also affected by this as well. Since you are usually laying off the newest people and thus the least trained and productive, a company’s productivity can go up in a tough economy in the midst of layoffs.

rip at will folks :)