Posted on 09/21/2008 4:57:31 AM PDT by Alas Babylon!
The Talk Shows
Sunday, September 21st, 2008
Guests to be interviewed today on major television talk shows:
FOX NEWS SUNDAY (Fox Network): Treasury Secretary Henry Paulson; Sens. Jon Kyl, R-Ariz., and Charles Schumer, D-N.Y.; Bonnie McElveen-Hunter, chair of the American Red Cross.
MEET THE PRESS (NBC): Paulson; New York City Mayor Michael Bloomberg.
FACE THE NATION (CBS): Paulson; Rep. Barney Frank, D-Mass.; Sen. Richard Shelby, R-Ala.
THIS WEEK (ABC): Paulson; Sen. Chris Dodd, D-Conn.; Rep. John Boehner, R-Ohio.
LATE EDITION (CNN) : Douglas Holtz Eakin, adviser to John McCain; Austan Goolsbee, adviser to Barack Obama; former Rep. Rob Portman, R-Ohio.; Gene Sperling, former Clinton administration economic adviser; Rep. Ron Paul, R-Texas.
Now that’s coffee spewed like a volcano.
hence why palin has stuck such a wildfire in the base.
suddenly there is a conservative actually on the ticket.
(granted a few flaws, see title IX)
as a conservative candidate she is an opening for MORE conservatives.
It is all turnout now folks.
Imagine what we can do if we take back the house.
Socialist Pelosi will be out of a job.
McCain’s BIGGEST achiles heal is immigration and his absurd support for Dream Act AMNESTY. (he should just say that bill should be scrapped for some alternative. ie illegal students can get a J visa [current law btw], study legally to finishe their education, THEN GO HOME. NO PATH TO CITIZENSHIP. ZERO. ZIP . NADA)
Yeah - underwhelming.
Sounds good, but what happens to the money once it hits back in the Treasury? Who will manage it? Will it be spent on what or used to pay off the national debt,what is mandated?
Most of this is admittedly over my head and one of the reasons I like the see govt. out of the business of business.
All I hear is the same questions and responses repeated on every channel. Aren't there any independent thinkers in the MSM?
How true this is done so often now even with credit card debts and smaller ones that that. Due to my mother's illness (see had dementia) my parents did not pay their council tax for 2 and half years the council sold that debt to a collection agency. If it is happening that level how much more is it happening with bigger and more at risk debts with the original lender not even in the picture.
something is only worth what people are willing to pay to obtain.
value is determined at the point of transaction.
(see also: only those who painic in a stock dip lose money)
Senator Kyle mentioned it on FNS this morning; didn’t get much play. Wallace should have done a little more homework so he could have asked Schumer questions about the Bush Plan and then the follow on Hagel/McCain plan.
I look at it as being:
- the fault of the borrowers if they took on mortgages they now can’t afford,
- the fault of the institutions who took on too much misunderstood, bad mortgage securities (believing the unrealistic ratings of the bond rating agencies, etc.),
- and the fault of our government that it forced this level of bad lending on the banks—and that the taxpayers are going to get stuck with the bill.
McCain's biggest liability is his mouth. Too often he speaks before he thinks.
This is so complicated that it’s hard to know what’s right- though instinctively government inteference in the market is wrong. The problem is- so much of this is government created in the first place.
Listening Paulson wasn’t very reassuring- I don’t envy his position- but if this bill gets passed he’ll basically be King of the World.
What I’m listening for- from someone- is an alternative to this madness. I heard about a minute from Newt last evening- but didn’t get the idea he was proposing.
I wonder how many other Americans share that vision.
Uh oh, do we have yet another war brewing here....
OK, Howie on Reliable Sources is going to be a real clymer today. Already taking on Hannity about his interview saying he is no Gibson. Howie is right on that, but his presentation is going to bash hannity and favor Gibson; typical.
Howie through his own newspaper under the bus the other day when he claimed that the McCain ad was wrong, even though it quoted the WAPO as the source.
When politics trumped statistics, the result we now have putrefying at our feet was made inevitable.
I don’t think that is the biggest problem. The biggest problem and worst outcome from this is the life line the bulge bracket BDs get from Paulson to save the hundreds of thousands of jobs.
The whole manual markets model needs to be shot. If there was an electronic market for the CDOs they would have dropped in value so fast there would not be so many of them. All these trading desks should be replaced with computers.
The solution is to eliminate all private security trading by insured and/or public entities. We should also repeal the repeal of Glass-Steagall.
But the thing that screws individual investors the most is the blatant everyday violations of Reg FD.
HOwie has on two extreme liberals (Krugman and Tumulty), plus his liberal self and one conservative (Medved) to discuss the media and the meltdown of the campaign coverage.
“something is only worth what people are willing to pay to obtain.
value is determined at the point of transaction.”
From your lips to G-ds ears.
Re: US financial situation.
I find it fastinating that the financial whiz-bangs here on FR are all over the sphere on what to do, what shold have been done, etc. How can so called experts be so ‘all over the board from pole to pole on this matter?
I admit I am not an expert and have no clue what should be done. So, I will ignore the ‘experts’ and wait and see.
I take it that was a rhetorical question :o)
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