Frontline on PBS: "Breaking the Bank"

[kELSEY]

Originally Posted by Deff Gordon

i didn't really grab any of the forecasting..

i thought it was a pretty interesting showing of how the government basically forced the TARP money onto them (banks) to essentially nationalize the banks. forcing the merger between ML and BoA. ML sneaking in the comps... BoA head guy not wanting to go thru with it, but essentially threatened to lose his job if not (by the feds). going thru with the deal and then getting thown under the bus by Congress and then losing his job anyways.

there were some pretty strong words and issues last night.

they said BofA's head guy lost his job? maybe they were talking about Merril's old CEU...he got canned, but he really was a lowlife. Ken Lewis is still large and in charge at BofA, lol

sounds interesting, wish i would have seen it.

edit: but i'm glad to see that other stuff about the pressure for BofA and ML to merge coming out. BofA got basically villified in the media over that and the bonuses, without having much control of it.

[HomoSexualPredator]

Originally Posted by david austin

Which is exactly why many are doing their best to repay TARP.

But hey... theres nothing wrong with a little govt liquidity to completely manufacture an equity rally.

The turn is close... and it will be ugly.

so da, what are you suggesting is going to happen? A devalued dollar? just curious.

[J. Fees]

so much for laissez faire capitalism.

[TheAmazon]

I didn't have to watch it, I took a clue months ago when Greenspan was on TV announcing that he thought nationalizing the banks was a good idea.

[Deff Gordon]

Originally Posted by kELSEY

they said BofA's head guy lost his job? maybe they were talking about Merril's old CEU...he got canned, but he really was a lowlife. Ken Lewis is still large and in charge at BofA, lol

sounds interesting, wish i would have seen it.

edit: but i'm glad to see that other stuff about the pressure for BofA and ML to merge coming out. BofA got basically villified in the media over that and the bonuses, without having much control of it.

sorry... he lost his job as Chairman of the Board. the shareholders removed him.

[kELSEY]

Originally Posted by Deff Gordon

sorry... he lost his job as Chairman of the Board. the shareholders removed him.

oh yeah, forgot, replaced him as chairmen of the board but kept him as ceo

if anyone is interested, a pretty cool article about how the ML and countrywide acquisitions are turning out to be pretty smart moves by bofa

http://www.thestreet.com/story/10515...m_ven=GOOGLEFI

(it's interesting because of how big of a beating bofa took over those in the media)

[Deff Gordon]

awesome... thanks k!

[transplant]

You know times are tough if Lazerz had to close.

[kELSEY]

lawlz


PEW PEW PEW

[PETA]

Originally Posted by Deff Gordon

i can't believe how much money is about to default and it's not even on any news radar. more fuel for John Stewart to pwn CNBC and all...

so many balloon payments coming due...

no bueno.

The info is out there... pretty common dinner table discussion at our house but I suppose that's a pretty fucking strange table

Originally Posted by J. Fees

so much for laissez faire capitalism.

so much for the GOP being the party of big business...

[Dionysos]

Originally Posted by J. Fees

so much for laissez faire capitalism.

That died in the 20s.

[Deff Gordon]

Originally Posted by St. Stalin the Apathetic

The info is out there... pretty common dinner table discussion at our house but I suppose that's a pretty fucking strange table




so much for the GOP being the party of big business...

you guys are just commoners that have no idea. and lolz at that last statement.