Comments on: Where’s Our $2 Trillion? http://housingdoom.com/2008/11/10/wheres-our-2-trillion/ "He who defends everything defends nothing." - Frederick the Great Fri, 12 Mar 2010 01:05:21 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: freemonster http://housingdoom.com/2008/11/10/wheres-our-2-trillion/comment-page-1/#comment-18063 freemonster Tue, 11 Nov 2008 03:21:32 +0000 http://housingdoom.com/?p=1795#comment-18063 The monkeys are now running the zoo. Barney Frank with even more power. Way to go voters. Brilliant Igor says explode The monkeys are now running the zoo. Barney Frank with even more power. Way to go voters. Brilliant
Igor says explode

]]> By: MikeC http://housingdoom.com/2008/11/10/wheres-our-2-trillion/comment-page-1/#comment-18062 MikeC Tue, 11 Nov 2008 01:09:55 +0000 http://housingdoom.com/?p=1795#comment-18062 Wow, just when I thought it couldn't get any worse... Wow, just when I thought it couldn’t get any worse…

]]> By: John M. http://housingdoom.com/2008/11/10/wheres-our-2-trillion/comment-page-1/#comment-18058 John M. Mon, 10 Nov 2008 16:10:51 +0000 http://housingdoom.com/?p=1795#comment-18058 "delicacy with respect to pricing." Right. How I'm parsing this is that Frank realizes that the Fed has to selectively overpay for toxic assets <em>depending on how wounded their deserving friends and systemically important counterparties are</em>. ... and yes, Igor, I'm "dismayed" too. ----------------------------- by the way ... To be clear on "selectively", I mean it must be the case that the Fed is overpaying differing amounts to different parties. They can't uniformly overpay to <em>everyone!</em> Some of the guys looking to offload that toxic sludge on the Treasury & the Fed have long passed the "offering my 15-year-old daughter" stage and have entered "offering my 15-year-old daughter for the purpose of dinner." <em>Nobody</em> has enough integrity to withstand these pressures when so much is at stake. It's easy to see this process is not going to end well. “delicacy with respect to pricing.”

Right. How I’m parsing this is that Frank realizes that the Fed has to selectively overpay for toxic assets depending on how wounded their deserving friends and systemically important counterparties are.

… and yes, Igor, I’m “dismayed” too.

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by the way …

To be clear on “selectively”, I mean it must be the case that the Fed is overpaying differing amounts to different parties. They can’t uniformly overpay to everyone!

Some of the guys looking to offload that toxic sludge on the Treasury & the Fed have long passed the “offering my 15-year-old daughter” stage and have entered “offering my 15-year-old daughter for the purpose of dinner.” Nobody has enough integrity to withstand these pressures when so much is at stake. It’s easy to see this process is not going to end well.

]]> By: Hutch http://housingdoom.com/2008/11/10/wheres-our-2-trillion/comment-page-1/#comment-18057 Hutch Mon, 10 Nov 2008 15:38:57 +0000 http://housingdoom.com/?p=1795#comment-18057 Gee, the Wizards don't want transparency for their magic hat trick. Who would have thunk it. Igor says:BOOM Gee, the Wizards don’t want transparency for their magic hat trick. Who would have thunk it.

Igor says:BOOM

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