Comments on: Elizabeth Warren on TARP Achievements http://www.ritholtz.com/blog/2009/12/elizabeth-warren-on-tarp-achievements/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 21:16:44 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: dza http://www.ritholtz.com/blog/2009/12/elizabeth-warren-on-tarp-achievements/comment-page-1/#comment-241004 dza Fri, 11 Dec 2009 03:28:37 +0000 http://www.ritholtz.com/blog/?p=45901#comment-241004 Well, they really don't have them by the balls; it's the other way around. And it's implied in their policy that the administration thinks economic health hinges on asset inflation, which is ultimately helped by bank trading. It's not cynical, it's an obvious fact of their business model, and to think otherwise is pretty ignorant. The idea that government and banking have mutually exclusive interests is a fairy tale. Well, they really don’t have them by the balls; it’s the other way around. And it’s implied in their policy that the administration thinks economic health hinges on asset inflation, which is ultimately helped by bank trading. It’s not cynical, it’s an obvious fact of their business model, and to think otherwise is pretty ignorant. The idea that government and banking have mutually exclusive interests is a fairy tale.

]]> By: CTB http://www.ritholtz.com/blog/2009/12/elizabeth-warren-on-tarp-achievements/comment-page-1/#comment-240998 CTB Fri, 11 Dec 2009 03:03:16 +0000 http://www.ritholtz.com/blog/?p=45901#comment-240998 The conspiracy theorist in me wonders whether the government is tolerating the unfair advantage built into the TBTF banks trading, since the government already has them by the balls. The government may be relying on this unfair advantage to "clear the field" of speculators before clamping down with financial regulation. Any thoughts? The conspiracy theorist in me wonders whether the government is tolerating the unfair advantage built into the TBTF banks trading, since the government already has them by the balls.

The government may be relying on this unfair advantage to “clear the field” of speculators before clamping down with financial regulation. Any thoughts?

]]> By: Dave J http://www.ritholtz.com/blog/2009/12/elizabeth-warren-on-tarp-achievements/comment-page-1/#comment-240885 Dave J Thu, 10 Dec 2009 19:26:50 +0000 http://www.ritholtz.com/blog/?p=45901#comment-240885 Joe K's typical vacuous CNBC commentary. Any criticism of Wall Street is labelled "cynical" and belongs on an opinion show on some other network. As if CNBC was not an opinion show. Joe K’s typical vacuous CNBC commentary. Any criticism of Wall Street is labelled “cynical” and belongs on an opinion show on some other network. As if CNBC was not an opinion show.

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