Comments on: FDIC . . . For Doing It Correctly http://www.noquarterusa.net/blog/18116/fdic-for-doing-it-correctly/ Fri, 25 May 2012 12:12:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Susan http://www.noquarterusa.net/blog/18116/fdic-for-doing-it-correctly/#comment-1162571 Susan Sat, 21 Mar 2009 22:15:07 +0000 http://www.noquarterusa.net/blog/?p=18116#comment-1162571 I understand that Sheila Bair has written a few children's books on saving money. I'll bet they are excellent. I'll be looking for them for grandchildren. I understand that Sheila Bair has written a few children’s books on saving money. I’ll bet they are excellent. I’ll be looking for them for grandchildren.

]]> By: TeakwoodKite http://www.noquarterusa.net/blog/18116/fdic-for-doing-it-correctly/#comment-1162054 TeakwoodKite Sat, 21 Mar 2009 03:24:33 +0000 http://www.noquarterusa.net/blog/?p=18116#comment-1162054 LD, When ATT was "to big to fail" they broke it up...years later the baby Bells became "whole" again, and this time no one said they were "to big to fail". The common definition of "economy of scale" should be renamed "to big to fail". What escapes me is trying to understand where the line is when it comes to the global economy and US anti-trust laws. Many corporations are in a position of picking and choosing, playing the Feds, Also if one is forecasting out 10 years and reads that the Deficit will run one trillion buckaroos a year for that span, how does one plan investments? That being the overhead of the Fed crowding out the market for dollars; are there trends? The escalating cost that fiscalliberal points to are like "cost overruns", which tells me that the CBO numbers will climb. As Friday special, Turboman came up in conversation. The person I was speaking with said he liked Turboman. I asked Why!? Who would want Timmy would couldn't do his taxes at Treasury? He said "I like him, but he's a crook". LD, When ATT was “to big to fail” they broke it up…years later the baby Bells became “whole” again, and this time no one said they were “to big to fail”.

The common definition of “economy of scale” should be renamed “to big to fail”.

What escapes me is trying to understand where the line is when it comes to the global economy and US anti-trust laws.

Many corporations are in a position of picking and choosing, playing the Feds,

Also if one is forecasting out 10 years and reads that the Deficit will run one trillion buckaroos a year for that span, how does one plan investments? That being the overhead of the Fed crowding out the market for dollars; are there trends?

The escalating cost that fiscalliberal points to are like “cost overruns”, which tells me that the CBO numbers will climb.

As Friday special, Turboman came up in conversation. The person I was speaking with said he liked Turboman. I asked Why!? Who would want Timmy would couldn’t do his taxes at Treasury? He said “I like him, but he’s a crook”.

]]> By: Linda C. http://www.noquarterusa.net/blog/18116/fdic-for-doing-it-correctly/#comment-1161909 Linda C. Sat, 21 Mar 2009 00:22:44 +0000 http://www.noquarterusa.net/blog/?p=18116#comment-1161909 I do believe that Sheila Blair is the most competent person there. She understood this situation from the get go...no wonder none of the politicians or wall street folks like her and would rather have her side lined. I do believe that Sheila Blair is the most competent person there. She understood this situation from the get go…no wonder none of the politicians or wall street folks like her and would rather have her side lined.

]]> By: LD http://www.noquarterusa.net/blog/18116/fdic-for-doing-it-correctly/#comment-1161885 LD Fri, 20 Mar 2009 23:32:21 +0000 http://www.noquarterusa.net/blog/?p=18116#comment-1161885 CG...Thank you for your gracious comment. You can rest assured I am not in the tank for anybody and am only looking for those with real integrity. I appreciate your comment. CG…Thank you for your gracious comment. You can rest assured I am not in the tank for anybody and am only looking for those with real integrity. I appreciate your comment.

]]> By: CG http://www.noquarterusa.net/blog/18116/fdic-for-doing-it-correctly/#comment-1161849 CG Fri, 20 Mar 2009 22:20:43 +0000 http://www.noquarterusa.net/blog/?p=18116#comment-1161849 Thank you LD for your posts, and for very judiciously selecting Economic All-Stars. I was pessimistic in one of my comments to you a while back regarding the trustworthiness of any of these players after they had the opportunity to learn the lessons of Enron, Tyco and WorldCom, etc. and instead their bad behavior intensified. I am grateful that you are identifying those that deserve notice, turning my pessimism into something positive. Thanks again. Thank you LD for your posts, and for very judiciously selecting Economic All-Stars. I was pessimistic in one of my comments to you a while back regarding the trustworthiness of any of these players after they had the opportunity to learn the lessons of Enron, Tyco and WorldCom, etc. and instead their bad behavior intensified. I am grateful that you are identifying those that deserve notice, turning my pessimism into something positive. Thanks again.

]]> By: LD http://www.noquarterusa.net/blog/18116/fdic-for-doing-it-correctly/#comment-1161460 LD Fri, 20 Mar 2009 13:38:27 +0000 http://www.noquarterusa.net/blog/?p=18116#comment-1161460 Fiscal...I believe the FDIC will tap a credit line at Treasury prior to aggressively ratcheting rates on the smaller banks. I could certainly be wrong and ultimately the FDIC will need to pay back that line so rates at all banks will likley head higher over time. No doubt, she will need more money...soon. Fiscal…I believe the FDIC will tap a credit line at Treasury prior to aggressively ratcheting rates on the smaller banks. I could certainly be wrong and ultimately the FDIC will need to pay back that line so rates at all banks will likley head higher over time.

No doubt, she will need more money…soon.

]]> By: fiscalliberal http://www.noquarterusa.net/blog/18116/fdic-for-doing-it-correctly/#comment-1161454 fiscalliberal Fri, 20 Mar 2009 13:25:05 +0000 http://www.noquarterusa.net/blog/?p=18116#comment-1161454 Larry - in yesterdays hearing, Sheila was addressing the increased payments for the insurance the banks pay for FDIC. It is killing the smaller banks. In a reuters article regarding Moody's down grading Mortgage Backed Securities, they said things are going to get worse. http://www.reuters.com/article/bondsNews/idUSN1942540820090319 She will be needing a lot of money. From Calculated Risk <strong>FDIC Closes Sale of Indymac, Loses $10.7 billion</strong> Link: http://www.calculatedriskblog.com/ Last line of the article: The original loss estimate was $4 to $8 billion, and that estimate was later increased to $8.9 billion. Now it is $10.7 billion. Again - Sheila is going to need more money Larry – in yesterdays hearing, Sheila was addressing the increased payments for the insurance the banks pay for FDIC. It is killing the smaller banks.

In a reuters article regarding Moody’s down grading Mortgage Backed Securities, they said things are going to get worse.

http://www.reuters.com/article/bondsNews/idUSN1942540820090319

She will be needing a lot of money. From Calculated Risk

FDIC Closes Sale of Indymac, Loses $10.7 billion

Link: http://www.calculatedriskblog.com/

Last line of the article:

The original loss estimate was $4 to $8 billion, and that estimate was later increased to $8.9 billion. Now it is $10.7 billion.

Again – Sheila is going to need more money

]]> By: betty http://www.noquarterusa.net/blog/18116/fdic-for-doing-it-correctly/#comment-1161446 betty Fri, 20 Mar 2009 12:59:12 +0000 http://www.noquarterusa.net/blog/?p=18116#comment-1161446 I called my representative, Betty McCollum and told her "I am to little to fail". I want a % of my retirement losses back, right off the top of her stimulus package. I called my representative, Betty McCollum and told her “I am to little to fail”. I want a % of my retirement losses back, right off the top of her stimulus package.

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