Zbyt Close For Comfort

A new report on the market meltdown shows the costs of the coziness between banks and regulators iciousDigg It you guys are going to need to tell me how we ended up with a system like this he said I know this is not the time to test them and put them through failure but were not doing something right if were stuck with these miserable choicesIts not fair to expect Paulson Bernanke and their third then New York Fed President Tim Geithner to have that kind of 30000foot perspective while the ground was imploding Indeed after reading Stewarts portrayal of the nonstop pinballing pressures these regulators were under throughout the week I became much more sympathetic toward them Moreover I became much more of the bailout deals that Paulson in particular cut with his former Wall Street compatriots which I have long thought were tilted in the banks favor Its hard to think about extracting apound of flesh when you feel the weight of the world on your my sympathy ends when Stewarts story does with the Rose Garden on Sept 19 of the 700 billion TARP program and the euphoric rally on Wall Street that followed Once disaster was averted and the system stabilized Paulson Geithner and Bernanke had no excuse for not laying down the law to Wall and the ensuing weeks By that I mean the deals we struck with the banks to get far better returns for taxpayers and rewriting the rules governing the financial system to prevent them from ever thinking they could gamble riskfree with our money againThats the real story that has yet to be fully toldwhy those top regulators and their authorizers in Congress could not see in the relative calm the plain truths that President Bush in the middle of the meltdown Paulson and the Fed leaders knew how disengaged the president was atjak również czas jak jego ograniczony kapitału jak został kaczka lame they również wiedział jak deferential i armaturę Congress And wiedziały one o polityce zostały całkowicie w ich publicznego favorthe był się do krwi i Wall Street został z excuses So Dlaczego didnt one krok celu tego voidRead wszystko