Comments on: Geithner Before Senate Banking Committee Re: Reg Reform — GS/MS/JPM

By: alfred e

alfred e — Thu, 18 Jun 2009 18:17:17 +0000

@Chris: You go guy. Correct.

No more kicking the can down the road at taxpayer expense. Time to come clean. Time for the feds to come clean. And let the chips fall where they may.

Sooner or later. Better sooner.

By: Moss

Moss — Thu, 18 Jun 2009 17:03:53 +0000

Maybe Kudlow and Co. would be interested in taking the toxic CDS crap.
He is so sure they can ‘earn’ their way out maybe he should put his money where his mouth is.

BTW. I thought Geithner would be ‘gone’ by June….

By: call me ahab

call me ahab — Thu, 18 Jun 2009 16:12:45 +0000

Chris Walen Says-

“There is a growing plurality of Senators that are opposed to giving the Fed more authority, but the issue is not decided.”

the Fed is not innocent in the financial collapse and it can be argued that they were the instigators due to a policy that promoted atificially low interest rates and the creation of specualtion and bubbles and a false economy based on debt-

the Fed as a super regualtor is bad idea and I hope it is defeated

By: VennData

VennData — Thu, 18 Jun 2009 15:55:19 +0000

The bigger you are, the less leverage you should be allowed to have. This will be a systemic check on the Too-big-to-fail types.

The “they will all want to be too big to fail” mantra spun out this morning in the WSJ is wrong. Profitability will not be maximized as you get bigger, there will be no benefit to scale. That fixes that.

Now it’s Congress’s turn to wave the document to the lobbyists to see how much money they can get for their collective ‘10 runs.

By: CNBC Sucks

CNBC Sucks — Thu, 18 Jun 2009 15:50:46 +0000

Chris, I like you, but you lost me when you used the word “credible” in the same sentence with “Tim Geithner”, following that up with “Kudlow”, “CNBC”, and “good work” in another single sentence.

Is calling things something they are not the new normal?

CNBC Sucks the Libertarian