Thomas Hoenig calls for a process of taking over financial firms that are failing letting them know they won’t get a government guarantee. (Bloomberg News)
July 01, 2009
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.
Q: Why do Economists provide estimates of inflation to the nearest tenth of a percent? A: To prove they have a sense of humour.
"The Greek offer is not sufficient and they have to go away to come up with a revised plan," said a spokesman for the German Finance Ministry. The Greeks must first have a plan that satisfies the Germans which this comment states they clearly don't yet and then the Greek Parliament will vote on it this weekend. This said, whatever package gets voted on in Greece is basically an up or down vote on euro membership so we are entering another uncertain weekend for global markets. A failed vote will likely lead to a hard default which may be what...
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August 20th, 2009 at 7:04 am
[...] Disclosures « Hoenig Calls For Takeover Process For Failing Firms [...]
August 20th, 2009 at 11:38 am
[...] See this July video, Hoenig Calls For Takeover Process For Failing Firms. [...]