No Banker Left Behind
Sep. 25th, 2008 12:46 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
grindmonkehRoger W. Ferugson, Jr. (CEO of TIAA-CREF) just e-mailed shareholders to let us know that CREF "is on a solid footing." I can't wait to see how the Equity Index fleshes out in returns/losses...and even more so the Guaranteed Annuity. Good times. I'm half-considering raising my monthly allocations. What's the worst that could happen, right?
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From Forbes.com Bad News for the Bailout:
"The secretary and the administration need to know that what they have sent to us is not acceptable," says Committee Chairman Chris Dodd, D-Conn. The committee's top Republican, Alabama Sen. Richard Shelby, says he's concerned about its cost and whether it will even work.
In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.
"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
I laughed a lot when I read that.
From a contrasting standpoint, an interesting story from the Wall Street Journal calls Paulson's plan possibly "the greatest deal ever."
Everyone from The Wall Street Journal to David Letterman to the NBC Nightly News are giving McCain a severe lashing today. Luckily for John, his Vice Presidential nomination is doing GREAT with public relations...
----------------------------
From Forbes.com Bad News for the Bailout:
"The secretary and the administration need to know that what they have sent to us is not acceptable," says Committee Chairman Chris Dodd, D-Conn. The committee's top Republican, Alabama Sen. Richard Shelby, says he's concerned about its cost and whether it will even work.
In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.
"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
I laughed a lot when I read that.
From a contrasting standpoint, an interesting story from the Wall Street Journal calls Paulson's plan possibly "the greatest deal ever."
Everyone from The Wall Street Journal to David Letterman to the NBC Nightly News are giving McCain a severe lashing today. Luckily for John, his Vice Presidential nomination is doing GREAT with public relations...
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Date: 2008-09-25 05:36 pm (UTC)