Comments on: Fed Emails: Ken Lewis “Reckless”

By: FromLori

FromLori — Thu, 11 Jun 2009 15:33:07 +0000

You really should read…

http://www.businessinsider.com/henry-blodget-fed-emails-trash-ken-lewis-suggest-bofa-deceived-shareholders-2009-6

http://market-ticker.denninger.net/

By: Moss

Moss — Thu, 11 Jun 2009 14:08:04 +0000

‘Hell even Bush knew that’

He sure did and made sure that no one could find them.

http://en.wikipedia.org/wiki/Bush_White_House_e-mail_controversy

By: Excerpts: Nasty Fed Emails | Bailout and Financial Crisis News

Excerpts: Nasty Fed Emails | Bailout and Financial Crisis News — Thu, 11 Jun 2009 14:00:22 +0000

[...] // Last night, we mentioned the Fed’s emails trashing BofA CEO Ken Lewis. [...]

By: Excerpts: Nasty Fed Emails | The Big Picture

Excerpts: Nasty Fed Emails | The Big Picture — Thu, 11 Jun 2009 12:45:21 +0000

[...] Last night, we mentioned the Fed’s emails trashing BofA CEO Ken Lewis. [...]

By: Wes Schott

Wes Schott — Thu, 11 Jun 2009 11:52:00 +0000

its like lookin’ at dried out weeds and callin’ ‘em green shoots

By: Bruce in Tn

Bruce in Tn — Thu, 11 Jun 2009 10:33:16 +0000

BTW…did you actually read the beige book yesterday…?

http://www.bespacific.com/mt/archives/021557.html

June 10, 2009 – Summary of Commentary on Current Economic Conditions by Federal Reserve District. Link to reports by Districts.

“Reports from the twelve Federal Reserve District Banks indicate that economic conditions remained weak or deteriorated further during the period from mid-April through May. However, five of the Districts noted that the downward trend is showing signs of moderating. Further, contacts from several Districts said that their expectations have improved, though they do not see a substantial increase in economic activity through the end of the year. Manufacturing activity declined or remained at a low level across most Districts. However, several Districts also reported that the outlook by manufacturers has improved somewhat. Demand for nonfinancial services contracted across Districts reporting on this segment. Retail spending remained soft as consumers focused on purchasing less expensive necessities and shied away from buying luxury goods. New car purchases remained depressed, with several Districts indicating that tight credit conditions were hampering auto sales. Travel and tourism activity also declined. A number of Districts reported an uptick in home sales, and many said that new home construction appeared to have stabilized at very low levels. Vacancy rates for commercial properties were rising in many parts of the country, while developers are finding financing for new commercial projects increasingly difficult to obtain.”

….In Bernankespeak, this reads pretty miserable to me..

By: Simon

Simon — Thu, 11 Jun 2009 09:24:32 +0000

I’d love to know what the rituals of passage are for entrance to the bankers big boys club. It is odd how although Ben is one of the biggest boys he doesn’t get the best toys. How does one square that? Is power it’s own reward? I guess so.

By: DL

DL — Thu, 11 Jun 2009 02:53:33 +0000

Hasn’t anyone learned by now that their emails are going to be scrutinized?

Anyone in a position of power should know this.

Hell, even George Bush knew that.

By: call me ahab

call me ahab — Thu, 11 Jun 2009 02:50:15 +0000

as a famous gladiator once said (the movie of course)-

“Are you not entertained?”

always happy to keep the merry band in stitches

By: Wes Schott

Wes Schott — Thu, 11 Jun 2009 02:45:18 +0000

ahab@10:37

ish, sal, etc…luv ya’ man,

that was the funniest night…

i think that is what we have been talkin’ about, no?