tag:blogger.com,1999:blog-32850048.post8100513804135121951..comments2024-03-18T02:14:50.959-07:00Comments on ADORED BY HORDES: MarcLordhttp://www.blogger.com/profile/17036432624426967890noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-32850048.post-88298044164738180562008-09-25T10:33:00.000-07:002008-09-25T10:33:00.000-07:00Dana,Great seeing you here, and the Elzenbeck Prop...Dana,<BR/><BR/>Great seeing you here, and the Elzenbeck Proposal is more coherent and careful than anything else I've yet seen.<BR/><BR/>One more point: the regular stock and bond markets are still working fine. The markets which are caving in, which aren't working at all, are all ones that aren't regulated.MarcLordhttps://www.blogger.com/profile/17036432624426967890noreply@blogger.comtag:blogger.com,1999:blog-32850048.post-22826023236387782902008-09-25T10:30:00.000-07:002008-09-25T10:30:00.000-07:00Brother Tim,thanks, was going for that feel becaus...Brother Tim,<BR/><BR/>thanks, was going for that feel because more dry specs and stats don't convey the horror. This week represents the end point of "entrepreneurial government:" that is to say, takeover.MarcLordhttps://www.blogger.com/profile/17036432624426967890noreply@blogger.comtag:blogger.com,1999:blog-32850048.post-48802165041556774392008-09-25T09:27:00.000-07:002008-09-25T09:27:00.000-07:00I strongly encourage you to call your 'represe...I strongly encourage you to call your 'representatives' in Washington to OPPOSE the currently-proposed Bush/Paulson "bailout".<BR/><BR/>While there surely would be some positive effect of any credit infusion,this is yet another example of The Bush Administration using exaggeration and fear to railroad the Congress (and thus the public) into hasty action favorable to his agenda (buddies in Financial Services Industry). Although there surely are problems, the timing of this, right before the election (and a(nother) Congress 'recess' (for re-election) ) ... is blatantly manipulative.<BR/><BR/>Anything that is passed semi-soon should AT LEAST INCLUDE these:<BR/><BR/>0) carefully thought out, not "by Friday"<BR/><BR/>1) only do 75-150B initially, and see how it works<BR/><BR/>2) The USGovt (ie. taxpayers) should only be lending money (extending credit) to obtain preferred stock , and NOT to be actually buying said toxic [derivative] securities, which are difficult to evaluate. That process should be left to the private sector "experts", analysts who will decide what price they (or their employers) would pay -- which sadly but necessarily will be low-ish -- those low prices are why you & me shouldn't be buying them for medium prices, as Paulson/Bush would have us do.<BR/><BR/>3) Bi-partisan oversight of loans(purchases), by a group that represents various expert sources, not just ex-Wall$treet insiders such as Paulson (ex-CEO of Goldman)<BR/><BR/>OPTIONAL:<BR/>a) Smallish short-term tax credits for those who buy the toxic derivatives<BR/>b) Moderate loan/tax help for those who lose their too-big house, to help them start anew in a more moderate dwelling.<BR/>c) Federal Law requiring methods of compensation in publicly traded corparations (and non-profits), to mainly be salaries, thus restricting stockOptionsm, bonuses, parachutes to a modest fraction (1/4) of total compensation, higher some if the person had a decent # of years in the organization.<BR/><BR/>I also note that for Paulson/Bernacke to submit a mere 2 1/2 page proposal on this, was lazy, insulting and amateurish.<BR/><BR/>Dana, The Bronx <BR/>(MarcLord's 1.5'th cousin)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32850048.post-43354088189562119502008-09-24T23:16:00.000-07:002008-09-24T23:16:00.000-07:00Marc--Excellent piece! Reading your posts is like ...Marc--<BR/>Excellent piece! Reading your posts is like reading expanded poetry.Brother Timhttps://www.blogger.com/profile/08603553502416272941noreply@blogger.comtag:blogger.com,1999:blog-32850048.post-26908406444131060462008-09-24T21:52:00.001-07:002008-09-24T21:52:00.001-07:00SLL,PS, thanks for the Chris Hedges catch.SLL,<BR/><BR/>PS, thanks for the Chris Hedges catch.MarcLordhttps://www.blogger.com/profile/17036432624426967890noreply@blogger.comtag:blogger.com,1999:blog-32850048.post-49678449101661504502008-09-24T21:52:00.000-07:002008-09-24T21:52:00.000-07:00phil,Thank you for your kindness; was just musing ...phil,<BR/><BR/>Thank you for your kindness; was just musing on possible outcomes. In a way, I almost wish Sarah Palin becomes president. We need the disgust, anger, and resolve which would follow.MarcLordhttps://www.blogger.com/profile/17036432624426967890noreply@blogger.comtag:blogger.com,1999:blog-32850048.post-41111458992260631542008-09-24T19:05:00.000-07:002008-09-24T19:05:00.000-07:00What a great juxtaposition of image and subject ma...What a great juxtaposition of image and subject matter. And the words are magnificent.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32850048.post-58117386135901267502008-09-24T17:34:00.000-07:002008-09-24T17:34:00.000-07:00The correct metaphor, one I almost ran with, is a ...The correct metaphor, one I almost ran with, is a card game. It's one in which the members of a club can leverage the money they take inside, and gamble for 100 times more than what they brought.MarcLordhttps://www.blogger.com/profile/17036432624426967890noreply@blogger.comtag:blogger.com,1999:blog-32850048.post-61948819771871728792008-09-24T16:51:00.000-07:002008-09-24T16:51:00.000-07:00Even Bush calls the economy "a house of cards." S...Even Bush calls the economy "a house of cards." See for yourself at about 2:30 into the video.<BR/><BR/>http://www.huffingtonpost.com/2008/09/24/daily-show-calls-paulson_n_128900.htmlAnonymousnoreply@blogger.com