Chris Dodd follow up.....

.....I had to laugh this evening. My wife is watching HLN while getting
dinner together, and the banner at the bottom of the frame reads: "Sen Dodd
admits to being untruthful."

anyone who has ever seen him in action would, in the words of my daughter,
say, "Well, Duh!"

Tom
p.s. While the Fox Story about insertions into bills and the like was
apparently a crock, Dodd did know, well in advance, about the AIG bonuses.
With friends like this, the White House needs few enemies.

a bunch of **** ups.........


On Mar 18, 5:06*pm, "Tom Littleton" wrote:
....I had to laugh this evening. My wife is watching HLN while getting
dinner together, and the banner at the bottom of the frame reads: "Sen Dodd
admits to being untruthful."

anyone who has ever seen him in action would, in the words of my daughter,
say, "Well, Duh!"

* * * * * * * * * * * * * * * * * * * * * * * * * * * *Tom
p.s. While the Fox Story about insertions into bills and the like was
apparently a crock, Dodd did know, well in advance, about the AIG bonuses..
With friends like this, the White House needs few enemies.

On Wed, 18 Mar 2009 23:06:36 GMT, "Tom Littleton" wrote:

....I had to laugh this evening. My wife is watching HLN while getting
dinner together, and the banner at the bottom of the frame reads: "Sen Dodd
admits to being untruthful."

anyone who has ever seen him in action would, in the words of my daughter,
say, "Well, Duh!"

Tom
p.s. While the Fox Story about insertions into bills and the like was
apparently a crock, Dodd did know, well in advance, about the AIG bonuses.
With friends like this, the White House needs few enemies.


Um, see my re-reply to Kevin...

And then, for what appears to be one of the several other shoes:

http://finance.yahoo.com/news/Fannie...-14679491.html

TC,
R

wrote in message
...
On Wed, 18 Mar 2009 23:06:36 GMT, "Tom Littleton"
wrote:

....I had to laugh this evening. My wife is watching HLN while getting
dinner together, and the banner at the bottom of the frame reads: "Sen
Dodd
admits to being untruthful."

anyone who has ever seen him in action would, in the words of my daughter,
say, "Well, Duh!"

Tom
p.s. While the Fox Story about insertions into bills and the like was
apparently a crock, Dodd did know, well in advance, about the AIG bonuses.
With friends like this, the White House needs few enemies.


Um, see my re-reply to Kevin...

And then, for what appears to be one of the several other shoes:

http://finance.yahoo.com/news/Fannie...-14679491.html

TC,
R

I love it where they say they need the key employees. Were not these same
people employees when the companies screwed up bigtime? How F'n key can
they be?

On Wed, 18 Mar 2009 21:14:18 -0800, Calif Bill wrote:


I love it where they say they need the key employees. Were not these
same people employees when the companies screwed up bigtime? How F'n
key can they be?

Agreed, but ... These are the guys that put this complicated derivatives
disaster together. I've heard some say, they may be the only people that
can unravel the mess. It ****es me off, but we might be better off
paying the *******s.

On Thu, 19 Mar 2009 06:04:00 -0500, thunder wrote:

On Wed, 18 Mar 2009 21:14:18 -0800, Calif Bill wrote:


I love it where they say they need the key employees. Were not these
same people employees when the companies screwed up bigtime? How F'n
key can they be?

Agreed, but ... These are the guys that put this complicated derivatives
disaster together. I've heard some say, they may be the only people that
can unravel the mess. It ****es me off, but we might be better off
paying the *******s.

Er, no. First of all, it's not just "derivatives" (do some reading on "CDO" and
"CDS" if you're interested) and secondly, anyone who _actually_ understood how
****ed-up all of this stuff is would have not gotten within a million miles of
it. That's, basically, the whole problem - 99.99% of the people that caused
this mess didn't have a friggin' clue (there were, I'm sure, a few that either
knew they didn't understand it and didn't care as long they were making money or
knew it was dangerous, and again, didn't care).

To have the very people who screwed the pooch try to unscrew it is not only
dangerous, but reckless.

TC,
R

wrote:
thunder wrote:
... These are the guys that put this complicated derivatives
disaster together. I've heard some say, they may be the only people that
can unravel the mess. It ****es me off, but we might be better off
paying the *******s.

Er, no. First of all, it's not just "derivatives" (do some reading on "CDO" and
"CDS" if you're interested) and secondly, anyone who _actually_ understood how
****ed-up all of this stuff is would have not gotten within a million miles of
it. That's, basically, the whole problem - 99.99% of the people that caused
this mess didn't have a friggin' clue (there were, I'm sure, a few that either
knew they didn't understand it and didn't care as long they were making money or
knew it was dangerous, and again, didn't care).

Wait a minute, this whole problem was caused by clueless investment
bankers and their exotic, reckless, little understood financial
instruments ?

I coulda swore it was caused by Bill Clinton, Chris Dodd and the
uppity poor folks buying more home than they could afford.

--
Ken Fortenberry

On Mar 18, 10:14*pm, "Calif Bill" wrote:
wrote in message

...





On Wed, 18 Mar 2009 23:06:36 GMT, "Tom Littleton"
wrote:

....I had to laugh this evening. My wife is watching HLN while getting
dinner together, and the banner at the bottom of the frame reads: "Sen
Dodd
admits to being untruthful."

anyone who has ever seen him in action would, in the words of my daughter,
say, "Well, Duh!"

* * * * * * * * * * * * * * * * * * * * * * * * * * * Tom
p.s. While the Fox Story about insertions into bills and the like was
apparently a crock, Dodd did know, well in advance, about the AIG bonuses.
With friends like this, the White House needs few enemies.

Um, see my re-reply to Kevin...

And then, for what appears to be one of the several other shoes:

http://finance.yahoo.com/news/Fannie...p-to-apf-14679...

TC,
R

I love it where they say they need the key employees. *Were not these same
people employees when the companies screwed up bigtime? *How F'n key can
they be?- Hide quoted text -

- Show quoted text -

Agreed. It turns out the bonusees were mostly sales types, asleep
managers, and packagers who had not the slightest understanding of
risk hedging, nor did the company's compliance people publish
accounting material that would have given buyers a clue that this
company was essentially insuring that banks, many foreign, would not
loose money on their lumps of housing bubble securitized "products,"
levered sometimes as much as 31 times loan face value.

A while back, someone asked what I meant by the term "renegade
capitalism."

Dave

"Ken Fortenberry" wrote in message
...
Wait a minute, this whole problem was caused by clueless investment
bankers and their exotic, reckless, little understood financial
instruments ?

I coulda swore it was caused by Bill Clinton, Chris Dodd and the
uppity poor folks buying more home than they could afford.

no, that's LaCourse's version. You're getting confusedg

Tom

p.s. although RDean always finds room for Clinton(s).....

On Thu, 19 Mar 2009 09:44:14 -0500, Ken Fortenberry
wrote:

wrote:
thunder wrote:
... These are the guys that put this complicated derivatives
disaster together. I've heard some say, they may be the only people that
can unravel the mess. It ****es me off, but we might be better off
paying the *******s.

Er, no. First of all, it's not just "derivatives" (do some reading on "CDO" and
"CDS" if you're interested) and secondly, anyone who _actually_ understood how
****ed-up all of this stuff is would have not gotten within a million miles of
it. That's, basically, the whole problem - 99.99% of the people that caused
this mess didn't have a friggin' clue (there were, I'm sure, a few that either
knew they didn't understand it and didn't care as long they were making money or
knew it was dangerous, and again, didn't care).

Wait a minute, this whole problem was caused by clueless investment
bankers and their exotic, reckless, little understood financial
instruments ?

Wait - to which "mess"/"problem" are you referring?

I coulda swore it was caused by Bill Clinton, Chris Dodd and the
uppity poor folks buying more home than they could afford.

Clinton, a _VERY_ minor role - no, under no realistic definition is he to blame
for either the AIG and similar "mess" or the overall current economic cycle.
Dodd, by himself, a minor-ish role, but Congress bears some of the blame. Folks
buying more home than they could afford, a small-ish role, but they aren't
"innocent victims," either - they shouldn't be allowed to use general funds to
"save" those homes.because however you wish to call them, they over-bought.

HTH,
R