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| User Info | Bair Starting To "Get It"? in forum [Ticker] | |||
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Genesis Posts: 71426 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1551-B....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-10-29 09:17:20
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Widgeon Posts: 6525 Incept: 2007-08-30 
OK
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I think she gets it ... she's scared as hell. However, that doesn't neccessarily translate into a productive response (as events have shown). As a politician, she's more into the "do something to fool the voter" mode than the "do the right thing" mode. JMO.
2009-10-29 09:20:16
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Themortgagedude Posts: 3930 Incept: 2007-12-17 
saint louis
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Client number 9 is on Ratigan right now hammering away that Geithner couldn't negotiate a home sale let alone what he has been assigned to. Gotta love Elliott. ---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2009-10-29 09:39:42
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Teotwawkinow Posts: 60 Incept: 2009-02-02
Online
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I believe Sheila Bair is in an impossible position - politically. She knows damn well if she were to enforce the LAW she would collapse the markets. Even if TPTB would allow her to do her job, no one wants that as their legacy.
2009-10-29 10:09:14
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Cabbage_the_cat Posts: 51 Incept: 2009-03-28
Atlanta, GA
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Your mention of Ally gets my blood boiling. With all the articles written in the last two days about GMAC, I have not seen one that mentions Ally. Ally does their level best to hide who they are. They talk about how all the other banks hide behind deceptive practices and fine print. They claim in their ad tagline to be "Straightforward", while at the same time lying about they are. If there was ever a sign of a crooked organization, this is it.
2009-10-29 10:23:48
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Knobcreek Posts: 940 Incept: 2009-02-06
Near TN & VA, but not SC
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If the laws are only to be conveniently enforced, the why bother with them at all. Sheila talks a good game on Tuesday's & Thursdays, bull**** the balance of the week. Nothing she says means **** to me anymore, it's what she does that matters. Right now the only output I've seen from her is producing propaganda videos. She gets "it"....lots of people get "it". So friggin' what without action. Last modified:
2009-10-29 10:24:36 by knobcreek
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Randy123 Posts: 2006 Incept: 2008-09-24 New Jersey
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I think you give her too much credit, myself.
---------- Mliu is my hero. Captain melamine.
2009-10-29 10:28:46
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Larsenebezzle Posts: 168 Incept: 2009-05-05
Land of Oz Online
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Does she get it or has she got wind of something bad coming and this is some CYA for herself?
---------- I am heavily positioned in lead and lead delivery systems.
2009-10-29 10:37:48
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Randy123 Posts: 2006 Incept: 2008-09-24 New Jersey
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You know what it is? We have such low expectations for these idiots that if they do something remotely right we do cartwheels.
---------- Mliu is my hero. Captain melamine.
2009-10-29 10:38:36
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Gemini1111 Posts: 9 Incept: 2009-05-20 SE Coast
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Randy123- I agree. I have never been a fan of applauding mediocrity. She may be covering her backside because she knows what's ahead.
2009-10-29 11:15:17
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Teotwawkinow Posts: 60 Incept: 2009-02-02
Online
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Quote:You know what it is? We have such low expectations for these idiots that if they do something remotely right we do cartwheels. So sad but so true.
2009-10-29 11:38:23
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Jstanley01 Posts: 2566 Incept: 2008-07-30
San Antonio, Texas
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Smells like an exercise in covering her ass to me. It won't work. History has already recorded that she has acted with all the spine of a jellyfish. For people who stand on principle, there is no such thing as being backed into a political corner. If TPTB demand that you violate your principles -- principles like enforcing the law that you are sworn to uphold -- the solution is simple. You resign. One big problem in this country is that to hire on with The Beast who inhabits Babylon on the Potomac, it is REQUIRED that you be a person who lacks personal honor and professional integrity. Such as Sheila Bair. ---------- ...so in short, my fellow Texans, we must secede. "For the children..." --Me Last modified:
2009-10-29 12:03:59 by jstanley01
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Lowbeyond Posts: 6901 Incept: 2008-02-11
CO
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Talk talk talk. Nothing but talk. If she comes up with a list of banks that, under current law, the fdic would seize (and would have seized in the past), but is prevented from doing so by Ben/turbo/Summers/Obama, then resign. Well that's something This is all just bull****. ---------- Maybe it was a birdy bread-bomber from the future?!
2009-10-29 12:38:14
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Martin Posts: 748 Incept: 2008-01-23
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Why punish companies with assets over 10 billion? It was the companies with liabilities over 10 billion that were the problem. Or companies like AIG with potential liabilities over 10 billion that turned into actual liabilities and requirements for having associated cash on hand. If making companies pay into a government slush fund is the way to go (I'm not saying it is), then make the ones with large potential or actual liabilities contribute. I have a feeling that any such slush fund would be treated like the Social Security slush fund and when a crisis hit, there would be no money and the government would have to raise funds anyway.
2009-10-29 12:48:45
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Txdomer Posts: 968 Incept: 2007-11-07
Ding-dong, the Fed is dead!
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Quote:That appointee needs to be a publicly-vetted and appointed person with Senate confirmation. Since this is inherently a function of protecting the public purse, it must NOT fall to an unaccountable person such as Bernanke, who has shown repeatedly that he has not and will not enforce the regulatory strictures even when so demanded by black-letter law, and that Congress will not place him - or you - in the dock when you willfully and intentionally ignore the law. Actually, the Federal Reserve Chairman, or any member of the Board of Governors, can be removed by the President "for cause". Seems like breaking the law would be sufficient cause. The proposal, in that regard, is nothing new. Limits on the activities of banks MUST be codified in the statutes. Regulation with any amount of discretion will circumvent the promoted intent of the regulation. ETA: The appointment of the Federal Reserve Chairman already must be approved by the Senate. Interestingly, when the Senate Banking Committee recommended Bernanke's confirmation to the full Senate, Sen. Jim Bunning, R-Ky., "was the only senator present voicing opposition to Bernanke. Bunning cited concerns that the nominee would be too much in the mold of Greenspan and not sufficiently an independent thinker." http://www.msnbc.msn.com/id/10067360 ---------- "Economics is not practiced as a science. Rather, it is a pretentious way to covertly promote political prejudices." - Fred Harrison http://renegadeeconomist.com Last modified:
2009-10-29 14:09:52 by txdomer
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Gibbie Posts: 672 Incept: 2009-01-18
Amerika
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Bair's future, for sure, is one with out a job so why not just do the right thing and seize the banks? Either that or resign.
---------- "There is no subtler, no surer means of overturning the existing basis of society that to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction. And it does it in a manner which no man in a million is able to diagnose." -John M Keynes. WOULD YOU KINDLY!
2009-10-29 19:22:25
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