tag:blogger.com,1999:blog-53246864840716464.post5219413054932605075..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: What Obama Must Do To Have Any Hope of Fixing the EconomyUnknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-53246864840716464.post-11365551547062820992009-03-07T19:27:00.000-08:002009-03-07T19:27:00.000-08:00Great job. I read your blog every day.Great job. I read your blog every day.Van Mardianhttps://www.blogger.com/profile/00498826419446205607noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-42776902604977820742009-03-07T18:16:00.000-08:002009-03-07T18:16:00.000-08:00I certainly would have fired them. How can the pe...I certainly would have fired them. How can the people who broke it fix it. Do you suppose Obama put them there because they know "where the "bodies are buried"?PrissyPatriothttps://www.blogger.com/profile/13631831301034918405noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-68571640980001807272009-03-07T17:36:00.000-08:002009-03-07T17:36:00.000-08:00Mark's commentary is on point. Geithner was head...Mark's commentary is on point. Geithner was head of the NY Fed during all of this, that tells you all you need to know about his selection. The new plan to piss our taxes away by backing hedge funds is the most egregious to date.AXhttps://www.blogger.com/profile/03884523657411376448noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-2248745472907862112009-03-07T17:10:00.000-08:002009-03-07T17:10:00.000-08:00Who should replace them ? This economic cycle star...Who should replace them ? This economic cycle started with Reagan, broadly speaking, and ended in 2007. A great swath of economists, the one's who got promoted for following the 'party line' , are pretty much discredited.Purplehttps://www.blogger.com/profile/15279006503378899442noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-1560247922066195902009-03-07T15:31:00.000-08:002009-03-07T15:31:00.000-08:00Why Obama? Become proactive, place trust in the tr...Why Obama? Become proactive, place trust in the trustworthy, surely this crisis is because we have put our trust blindly in governments, corporations and credit agencies that were incompetent and had dubious morality. If we, the people, use some discretion in our choice of business and social relations we will empower sound managers. <BR/>Who didnt recognise a perfect storm coming, through inherent conflicts of interest and rorting rottenness? Only those who were besotted with the media spin, the veils of delays while the insiders were plundering? JPMorgan made 5Billion on derivatives last quarter, let alone the personal bets that precursed these. They have inside information, right up to the fed. <BR/>It is understandable that the common man has trusted his superannuation and retirement to Wall Street for the whole last century but its not understandable that they would do so in future. Nor any other country with their savings. We are only just now beginning to pay the piper for the Bush, Blair, Howard years of "wealth creation".<BR/>Obama has put in all the old guard as you say, the whole two party system hasnt come up with the goods.<BR/>There is immense need to raise the taxes on profits made during this "CRUNCH" to 90%, to begin to fairly cover the common trusting man, who as taxpayer is paying for these bailout funds.<BR/>But if we do not learn discretion, personal carefulness as to giving trust, then the crisis will be seeded to grow again and again.auroraaustraliishttps://www.blogger.com/profile/02668206490679792609noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-90440614921213168192009-03-07T13:44:00.000-08:002009-03-07T13:44:00.000-08:00GeorgeGreat week of blog posts....I check in daily...George<BR/><BR/>Great week of blog posts....I check in daily.<BR/><BR/>you stopped by for a visit to my blog today....thought you might want to see....<BR/><BR/>http://4best4worst.wordpress.com/<BR/><BR/>keep up the great work<BR/><BR/>Maximusmaximushttps://www.blogger.com/profile/04196485766676042347noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-45545543185215814262009-03-07T09:47:00.000-08:002009-03-07T09:47:00.000-08:00The problem is our interest bearing currency. All ...The problem is our interest bearing currency. All money and credit should be created by the federal government. The FED should be bought by the US government. There should be no governmeny debt and hence no interest on the debt.<BR/><BR/>We should also begin to properly audit federal spending. We could save 4 billion dollars a week. The NY FED is the official depository of the US Treasury and all those billions of dollars stolen each week by Wall Street went through the FED before it went missing.<BR/><BR/>Bernanke, Summers Rubin, Geithner<BR/>and Hank Paulson all belong in Jail,Daniel Fhttps://www.blogger.com/profile/17062898366141413906noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-37171410726648703062009-03-07T08:53:00.000-08:002009-03-07T08:53:00.000-08:00The market has already priced the junk. The price...The market has already priced the junk. The price is zero. Citibank closed at $1.02 , and AIG worth 1 Billion. We've poured 180 billion into AIG. Till we stop doing this nonsense no effect will be seen. The derivative boys changed the law and get paid first in a bankruptcy. Seems to me they are holding stuff worth nothing according to the market.Anonymoushttps://www.blogger.com/profile/13156080225918567393noreply@blogger.com