Comments on: I WISH I WAS A GOOD ENOUGH HEADLINE WRITER SO I COULD BE SURE YOU WOULD WATCH THIS

By: Qaoisvpx

Qaoisvpx — Fri, 08 May 2009 08:51:46 +0000

t8PJ3h comment4 ,

By: Elie

Elie — Fri, 17 Oct 2008 14:50:05 +0000

To Albert Gallatin (October 10th, 2008 at 11:20 pm):
America is the richest and most successful country in the world.

By: Jen

Jen — Wed, 15 Oct 2008 15:33:26 +0000

Thank you very much for this video. This is a great time in the economy for people to set themselves up to become very wealthy.

By: Week In Review - October 11, 2008 | Mike Paetzold Recommends

Week In Review - October 11, 2008 | Mike Paetzold Recommends — Tue, 14 Oct 2008 17:29:50 +0000

[...] take the time to watch this at The Thirty Day Challenge Blog. It is time well spent in my [...]

By: Tanksalot

Tanksalot — Tue, 14 Oct 2008 10:49:32 +0000

Hi Ed,
The other story you need to pass onto Annabelle is “The Emperors’ New Clothes”. As far as I can see there wasn’t a panic until the media stirred it up, then it was a case of my report says the problem is $5 billion, you’re wrong my report says the problem is $15 Billion. NO you are both wrong MY report says the problem is $50 billion etc.

Politicians being incapable of meddling turn round and look at the news and go Hmm there’s a problem we need to sort out lets throw $500 billion at it. Simple question does anyone really know the size of the ORIGINAL problem? Not what is reported but an accurate measure!!

In my opinion this could all be avoided if “Johnson’s Job requirements” are applied - You can’t be a stockbroker unless you are over 40 (By then you will have had some exposures to reversals in life and will be able to deal with setbacks). You can’t be a politician until you have had 10 years experience in a real job. (Again exposure to the real world instead of being cocooned from it will provide the ability to think problems through instead of reacting to news headlines.)

Regards

Nick

By: gambol

gambol — Mon, 13 Oct 2008 16:49:39 +0000

AIG should be considered to be in bankruptcy from the time they decided they couldn’t pay out on the insurance instruments: rescind all bonuses retroactively from that time forward until they’re profitable again, suspend all severance packages retroactively from that time forward until profitability, and investigate vigorously everyone at AIG that profited from these illegal activities starting at the top. If the bonuses are held back until profitability, that would provide a great incentive to do good work — not business as usual.

All shredders at AIG should be confiscated. All backup media should be archived in federal prosecutors hands.

Confidence will be boosted if there is a perception that those who profited from the illegal activity are being prosecuted and that golden parachutes won’t be allowed for beating a hasty retreat at the taxpayer’s expense. The idea that these people engaged in these illegal activities for profit at everyone else’s expense and may still get away with it and be paid bonuses and severance benefits as they run away is completely outrageous.

BTW, if only about 6% of the mortgages triggered this, what happened to the profits from the 94% that are still good? How many of those 6% were actually covered by AIG before they put on the brakes?

By: dima

dima — Mon, 13 Oct 2008 09:36:12 +0000

Brian, individuals has a certain connotation of independence, there is no independence in a free market economy…. There is only interdependence…. Trust that the people at the top of the financial system meaning Bernake and whoever is responsible for flawlessly transfering 8% of all deposits over the past few weeks…. Are approved of by Buffet. This man is an absolute genius, and the fact that he approves should be a very reassuring thing to all of us. Thanks Ed!

By: Brian

Brian — Mon, 13 Oct 2008 06:23:53 +0000

I just have to wonder why it is that when the banks are irresponsible with money they get bailed out, but when we as individuals are we pay the price? Just curious….