Here’s the PDF of the letter, with text below. Signers are Alan Grayson, Ron Paul, Walter Jones, Brad Miller, Dan Lipinski, Elijah Cummings, Tom Perriello, Maxine Waters, Jackie Speier, and Maurice Hinchey.
Federal Reserve letter on GS is here.
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Putting aside its incredible product line and pipeline of more, its still attractive valuation relative to earnings, and its $100 per share of cash that may be used for a dividend soon, Apple's stock has gone parabolic. And, parabolic moves always end one way, back to the place where the parabolic move began. Now, AAPL can of course power higher to who knows where in this move but the largest market cap stock in the world has now entered a tenuous phase, strictly technically speaking. But I digress. German investor confidence, the ZEW, in the next 6 months rose back...
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July 27th, 2009 at 2:08 pm
[...] « Martin Mayer On Credit Default Swaps: Comments at AIER, June 25, 2009 10 Members Send Letter to Fed on Goldman Sachs Gambling with Bailout Money [...]
July 27th, 2009 at 3:01 pm
Well, the Fed’s reply should certainly go a long way toward countering Ron Paul’s war on the Fed. :-)
July 27th, 2009 at 3:28 pm
Is it me, or is this the unlikeliest coalition to have formed in the House this year? … this decade?
July 27th, 2009 at 3:58 pm
Walt, I recognize 4 or 5 of the names on the list and my smile just kept growing as I read the names…the angry villagers with their pitchforks headed to Kastle Frankenstein
July 27th, 2009 at 6:30 pm
Fed to Congress: We don’t answer to you.
July 27th, 2009 at 10:29 pm
I like it a lot. It will be interesting to see how much political capital BS Obama keeps with Summers Geithner and Bernanke. I suppose he can throw Bernanke under the bus to squelch the torches.
Long story short, tragically, they are trying to avoid BananaAmerica, And it ain’t gonna happen.
For me, until, BSO shows signs of heeding Simon Johnson, we are doomed.
But then again he still needs for the GS SLP to pump the markets, creating paper wealth.