Marketplace

Isn’t it unfair that the treasury favors one bank over another. Why is only citibank rescued ? Why not others. Is it just because it is “too big” to fail.

Citi is probably too big to fail but the people running it have to go. The organization can’t have a tax payor bail out and keep the same peeps running the show.

Ditto to wonkguy. Has there been any one group in America for the past several years that has been more stupid on average than financial services sector management? I think not. The disaster we find ourselves in today is the result of poor judgement, short-sighted greed, and extraordinary aptitudes for self-delusion. Did everyone realy think that already ridiculously overinflated housing prices would keep climbing forever? And that the poor shlubs foolish enough to buy houses at these prices would actually be able to pay the mortgages? Thanks for screwing up America, boys. Find the exits, leave behind the golden parachutes, and go stew in your own disgrace for a few years.

How many corporate jets do Citigroup and AIG have? And, why isn’t the same “jet” criteria being applied to them as it is to the auto industry? Are there different standards being applied to white vs. blue collar workers? Do people who shuffle paper and money deserve a bigger break than those who actually produce something useful? Or, is it because the auto guys only want a low interest loan, and not a blank check that congress is giving them a hard time? I just don’t understand the logic behind this, if there is any.

I think if the current administration puts approximately 100 billion in solar heat and hot water . It will be a win win for all. The break even is 6-10 years. The government gets it money back eventually. It gets a better return than the Wall street fat cats can give.

The government also helps the public. Since the oil consumption reduces to almost 10% for the current need for heating homes and hot water. That money flows into the local economy. This creates alot of jobs. And can help pension funds make money too

Zino

For another expression of puzzlement on TARP see this brief note on the Information Arbitrage site. http://www.informationarbitrage.com/2008/11/why-did-tarp-change-course.html