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Joanne98 (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 03:06 PM Original message |
Stiglitz Criticizes Bad Bank Plan as Swapping ‘Cash for Trash’ |
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lumberjack_jeff (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 03:21 PM Response to Original message |
1. If trash is redeemable for money what does that imply about the value of dollars? |
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Waiting For Everyman (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 03:49 PM Response to Original message |
2. I guess Stiglitz isn't one of the people hoping for a mortgage modification. |
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PaulaFarrell (840 posts) Send PM | Profile | Ignore | Mon Feb-02-09 02:53 AM Response to Reply #2 |
19. I think you misjudge him |
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On the Road (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 03:53 PM Response to Original message |
3. I Agree |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 03:56 PM Response to Original message |
4. In addition, it effectively rewards bad business decisions by the financial "experts" |
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D-Lee (457 posts) Send PM | Profile | Ignore | Sun Feb-01-09 04:15 PM Response to Original message |
5. Take a good look at the "mark to market" rule first |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 07:18 PM Response to Reply #5 |
14. That's the problem with leverage |
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w4rma (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 04:23 PM Response to Original message |
6. Let the banks that did this go bankrupt. And use the money towards new banks. (nt) |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 07:25 PM Response to Reply #6 |
15. That makes so much sense |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 07:33 PM Response to Reply #6 |
16. NATIONALIZE those banks . . . STOP bailing out capitalists -- !!! |
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w4rma (1000+ posts) Send PM | Profile | Ignore | Tue Feb-03-09 12:34 AM Response to Reply #16 |
22. I don't even want them nationalized any more. I just want them to fail while their competition takes |
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Still Sensible (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 04:32 PM Response to Original message |
7. I disagree, if there are some assets |
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Cronopio (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 06:28 PM Response to Reply #7 |
12. Stiglitz has made it clear in past articles that he is not against raising the debt level ... |
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Jambalaya (359 posts) Send PM | Profile | Ignore | Sun Feb-01-09 05:00 PM Response to Original message |
8. Stiglitz is a homie |
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PSPS (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 05:11 PM Response to Original message |
9. He's exactly right and I was flabbergasted Obama floated this bush-like proposal. |
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Cronopio (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 06:24 PM Response to Original message |
10. Stiglitz is right on the money. |
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JFKfanforever (145 posts) Send PM | Profile | Ignore | Mon Feb-02-09 08:16 AM Response to Reply #10 |
21. You said it! Stiglitz is right on the money here... |
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pa28 (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 06:24 PM Response to Original message |
11. I'm sure that went over really well with the Davos crowd. |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 07:13 PM Response to Original message |
13. What a "bad bank" is |
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defendandprotect (1000+ posts) Send PM | Profile | Ignore | Sun Feb-01-09 08:01 PM Response to Original message |
17. This many BAD ideas isn't going to make .... |
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flyinzamboni (26 posts) Send PM | Profile | Ignore | Sun Feb-01-09 08:44 PM Response to Original message |
18. It doesn't take a nobel prize winner... |
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terisan (1000+ posts) Send PM | Profile | Ignore | Mon Feb-02-09 03:47 AM Response to Original message |
20. They banks don't need "walking around money." They are bankrupt. They just need to walk away. |
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