There's an interesting article in the Washington Post called 'The Trickle-Up Bailout' in which it is suggested that instead of buying up these shitty securities, the government instead offer to refinance some of these delinquent loans, making the securities worth something, revitalizing the market overnight. The government would be getting ownership interest in property instead. There would still be a moral hazard here, but most people would find it more politically palatable. Your thoughts?
Maybe I missed something. Is it that the banks don't know how much their CDOs are worth? Or they just don't want to say? I'm assuming that the banks have already received the return on the bad investment
I can't believe Cong. Wexler voted yes on the bailout bill. It makes me so mad. He sent me an email stating that it was important for the economy to bail these people out for the sake of the little guy. It appears to me that the bailout is to save George Bush's father's business, The Carlyle Group. It would be nice to know if all this money is to help his father, his brother Jeb and also his cousin who headed Lehman Bros and of course there's Jeb's connection with AIG.
You were right on the money back in 2008!
I'm 63 and find these videos instructive! Great site. How about doing a series on economics? Supply-side: pros and cons?
There's an interesting article in the Washington Post called 'The Trickle-Up Bailout' in which it is suggested that instead of buying up these shitty securities, the government instead offer to refinance some of these delinquent loans, making the securities worth something, revitalizing the market overnight. The government would be getting ownership interest in property instead. There would still be a moral hazard here, but most people would find it more politically palatable. Your thoughts?
Sal should've invested against the housing market like Michael, meanwhile here he was making videos
Hey, I write my sevens like that too. ;) Great vids!
in KHAN we trust!!!
Maybe I missed something. Is it that the banks don't know how much their CDOs are worth? Or they just don't want to say? I'm assuming that the banks have already received the return on the bad investment
I can't believe Cong. Wexler voted yes on the bailout bill. It makes me so mad. He sent me an email stating that it was important for the economy to bail these people out for the sake of the little guy. It appears to me that the bailout is to save George Bush's father's business, The Carlyle Group. It would be nice to know if all this money is to help his father, his brother Jeb and also his cousin who headed Lehman Bros and of course there's Jeb's connection with AIG.
Good video. Looks like the banks are stuck with the paper under the dog. Its a shame we elected politicians who like to eat it.
they dont want to say it. Their closets are full of dead bodies