October 28th, 2008

yellow_elephant

Should banks speculate with bail out money?

“Chase recently received $25 billion in federal funding. What effect will that have on the business side and will it change our strategic lending policy?”
...
“Twenty-five billion dollars is obviously going to help the folks who are struggling more than Chase,” he began. “What we do think it will help us do is perhaps be a little bit more active on the acquisition side or opportunistic side for some banks who are still struggling. And I would not assume that we are done on the acquisition side just because of the Washington Mutual and Bear Stearns mergers. I think there are going to be some great opportunities for us to grow in this environment, and I think we have an opportunity to use that $25 billion in that way and obviously depending on whether recession turns into depression or what happens in the future, you know, we have that as a backstop.”

[ cf So When Will Banks Give Loans? ]
Read the rest of the article, and you can be somewhat more amused.

But basically it looks like there will be more loan relief when the US Government runs out of money.

Or someone in the US Government opts to outlaw crime.

Or more impressively, when the US Government learns that bail out money needs the loving care and support of ousting the failed C-Level Players, seats on the Board, and control of the new steering committee to find a CEO who will be willing to work for share holder value...

Oh yes, that would of course mean more regulatory oversight that really works, and not merely the sort of failure we have recieved from the Paulson/Bernanke Road Show. Which I really think should get them a job in any circus...
yellow_elephant

silly question time...

I am so pleased that McCain has come out against crime. I mean, now that the Senator has been convicted, clearly it is time to send him away....

But shouldn't the rule be that senators should resign from the senate so that they can lead a life of crime?
yellow_elephant

In case you have not had a chance to keep track...

tongodeon does a lovely job of keeping track of some of the fun stuff, The Ugliness of the McCain Campaign.

Ok, so I am trying to wonder if the reason that folks are noticing some of this madness, is well, because of the economic pressure - and well, changing horses in mid stream, has not allowed for the simpler attacks on the need to support the president to support the troops. A meme some of us found funny back in 1968, since the Peace Candidate Nixon had not yet become the War Lord... but I guess this problem with 'anti-intellectualism in american life' has been around for a while now, eh?

So yeah, check it out, it sooo gets freaky looooking at the list...

But if you go back to the election of Al Smith, we have been through some of this before... back then, the KKK did not consider Roman Catholics the same as white people....