Gothamist: Wall Street Reels, Braces More for Tumult

NannyState

Tue, 16 Sep 2008 12:56:59 -0500

Sarah Palin on CNN today briefly speaking out about Wall Street.. ....sorry, still rolling on the floor.

EastRiver

Tue, 16 Sep 2008 12:37:08 -0500

^ They might not be tied to mortgages but everything is connected to the loose monetary policy that Greenspan started in the 90s. Hedgefunds, private equity aka leveraged buyouts, M&A etc. are all dependent on easy money.

longacre

Tue, 16 Sep 2008 11:42:24 -0500

#8: There are plenty of bankers whose work has nothing to do with the mortgage mess, but will lose their jobs anyway because of the misdeeds of other parts of their company. I think we can feel bad for them.

JMH

Tue, 16 Sep 2008 11:40:55 -0500

"Wall Street Reels, Braces More Tumult" How about a "For" in there?Now reads: Wall Street Reels, Braces More for Tumult Umm, that's not really where the "for" was supposed to go.

Reflect

Tue, 16 Sep 2008 11:36:45 -0500

Im glad I didnt waste my time with all those fast track to sucess subway adds. I knew those fuckers were lying.

babyhitler

Tue, 16 Sep 2008 11:14:41 -0500

just took out 80 g's from Wamu. The Clerk was telling me everything was OK and it was going to be fine, I was like "GIVE ME MY MONEY BITCH!"

NannyState

Tue, 16 Sep 2008 11:07:38 -0500

"First Prize is a new Cadillac; Second Prize is a set of steak knives; Third Prize is you work for A.I.G."

zodak

Tue, 16 Sep 2008 10:53:15 -0500

the glengarry leads are for closers.

TK

Tue, 16 Sep 2008 10:41:49 -0500

The smoke and mirrors is created by accountants, lawyers and bankers. And lets not forget that its often approved of by politicians and bureaucrats as long as its bringing in tax revenue and campaigns are fully funded. You don't hear either Obama or McCain complaining too much do ya? Nope. How many campaign dollars have come from Wall Street????

EastRiver

Tue, 16 Sep 2008 10:32:36 -0500

Econ 101 is sound. Financial engineering is fiction.

JacqueMehoff

Tue, 16 Sep 2008 10:29:55 -0500

can't explain, if the experts can't explain it. it's voodoo, smoke and mirrors, polished turd in a tiffany box. the glengarry leads and you can't have them.

Jen S

Tue, 16 Sep 2008 10:20:16 -0500

Quick: someone explain to the English major with no investments and little savings how this will affect her!

JacqueMehoff

Tue, 16 Sep 2008 10:13:46 -0500

new rule take econ 101 as fiction not science.

Rob T Firefly

Tue, 16 Sep 2008 10:06:03 -0500

Great Depression II: Electric Boogaloo.

zodak

Tue, 16 Sep 2008 09:56:52 -0500

it's time to take your money out of the bank!! george bailey is not going to give you his vacation money.

EastRiver

Tue, 16 Sep 2008 09:55:48 -0500

Exactly how sympathetic do we have to be for the bankers? I feel bad for secretaries and custodial staff but c'mon, the bankers did this to themselves. All of those young people leaving Lehman with boxes of their stuff Sunday night chose to go into banking presumably for the money and the lifestyle. If these people are as smart as they want us to think they are then they shouldn't have levered up 30+ to 1.

Outter Burrougher

Tue, 16 Sep 2008 09:33:41 -0500

heckuva job, paulie. yes market corrections need to take place, but it's not a totally free market. and even if it were, we can still have a little compassion for the 20,000 people who are losing their jobs (based on an estimate I saw on CNN this morning) because of the Lehman collapse.

Felix Hoenikker

Tue, 16 Sep 2008 09:32:17 -0500

Cue in 3, 2, 1..... http://www.youtube.com/watch?v=P9ARbKvUyUM

Politburo

Tue, 16 Sep 2008 09:26:07 -0500

I saw McCain on Today, and the things he kept repeating were "the workers are the fundamentals of our economy" (to cover for his gaffe) and "I spoke out about this two years ago". Oh, he also claimed to be a Teddy Roosevelt Republican. That was good for a laugh.

TK

Tue, 16 Sep 2008 09:22:28 -0500

New Rule: if you have no idea how free markets work, educate yourself before you comment on them.

Mr Mel

Tue, 16 Sep 2008 09:06:03 -0500

Amazing how these guys can control our well being. If McCain gets elected and continues the hands off big business policies of the current administration, we'll see the economy tank even worse. They have no plans to straighten out this mess and we'll still be pouring money into the war.

NannyState

Tue, 16 Sep 2008 09:05:47 -0500

John McCain was on CNBC this morning and was asked some fairly direct questions about how he would handle this mess as President. Between stammering about "transparency" and blaming Congress, he couldn't even respond in any meaningful, much less detailed way. But when asked if A.I.G. was "too big to fail" and whether he would find a way to rescue the firm, his chilly reply was that he would "let it fail". At his worst, most disengaged moments, even Herbert Hoover could elicit some kind of empathy. If elected President, McCain would update the "1930's regulatory structure" just in time for there to be nothing left to regulate.

jack9

Tue, 16 Sep 2008 09:03:38 -0500

"Wall Street Reels, Braces More Tumult" How about a "For" in there?