The TARP oversight committee is questioning the need for a bailout of GMAC, saying the company did not pose a systemic risk to the financial system. Elizabeth Warren, chair of the Congressional Oversight Panel, shares her insight.
Airtime: Thurs. Mar. 11 2010 | 7:14 AM ET
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
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
read more »
Tweet
Facebook
Reddit
Digg this!
March 11th, 2010 at 12:52 pm
I fall more deeply in love with this woman every day. Between this interview and the recent one on Charlie Rose, she shows herself to be the most poised and straightforward commentator on and participant in the current fight to make things better. Regal.
March 11th, 2010 at 1:13 pm
It posed a systemic risk to Obama’s eventual re-election prospects among the union constituency. Isn’t that reason enough to subsidize?!