Comments on: Public-Private Partnership? or “Won’t You Be My Neighbor?” http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/ Fri, 25 May 2012 12:42:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: oowawa http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164289 oowawa Tue, 24 Mar 2009 04:26:23 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164289 <blockquote>apres moi, le deluge</blockquote> There seems to be quite a bit of disagreement as to whether or not Louis XV of France ever said this in the years preceding the French Revolution. It doesn't matter. The phrase has entered the collective unconscious, and I think that it is certainly resonant in this context. It means: "I really don't care. These are great times. If chaos ensues, it's your problem." I'm soooo apprehensive.

apres moi, le deluge

There seems to be quite a bit of disagreement as to whether or not Louis XV of France ever said this in the years preceding the French Revolution. It doesn’t matter. The phrase has entered the collective unconscious, and I think that it is certainly resonant in this context. It means: “I really don’t care. These are great times. If chaos ensues, it’s your problem.”

I’m soooo apprehensive.

]]> By: need to know http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164255 need to know Tue, 24 Mar 2009 03:37:42 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164255 "After me, the deluge". “After me, the deluge”.

]]> By: oowawa http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164235 oowawa Tue, 24 Mar 2009 03:17:49 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164235 <blockquote>The people of the 22nd. Century (the children of our grandchildren and great grandchildren) will read about these governmental contraptions and wonder how their enslaved status could be back traced to the first black president.</blockquote> What beautiful irony! Lark, fess up: you're an English professor, aren't you?!?!?

The people of the 22nd. Century (the children of our grandchildren and great grandchildren) will read about these governmental contraptions and wonder how their enslaved status could be back traced to the first black president.

What beautiful irony! Lark, fess up: you’re an English professor, aren’t you?!?!?

]]> By: lark http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164227 lark Tue, 24 Mar 2009 03:10:20 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164227 Hey but who cares, no? What are we, stupid? The hell with those who come after us. Hey but who cares, no? What are we, stupid? The hell with those who come after us.

]]> By: lark http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164226 lark Tue, 24 Mar 2009 03:09:01 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164226 The people of the 22nd. Century (the children of our grandchildren and great grandchildren) will read about these governmental contraptions and wonder how their enslaved status could be back traced to the first black president. The people of the 22nd. Century (the children of our grandchildren and great grandchildren) will read about these governmental contraptions and wonder how their enslaved status could be back traced to the first black president.

]]> By: oowawa http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164198 oowawa Tue, 24 Mar 2009 02:47:43 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164198 Ferd, you forgot the 69,000,000 clowns piling out of the little clown car . . . Ferd, you forgot the 69,000,000 clowns piling out of the little clown car . . .

]]> By: LD http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164183 LD Tue, 24 Mar 2009 02:33:18 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164183 Barry....what do the banks need? Capital...who do they report to? Regulators....those regulators can and will pressure them in this process. Starting with Citi, whom we (govt) effectively own anyway. Barry….what do the banks need? Capital…who do they report to? Regulators….those regulators can and will pressure them in this process. Starting with Citi, whom we (govt) effectively own anyway.

]]> By: oowawa http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164181 oowawa Tue, 24 Mar 2009 02:32:33 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164181 I knew something smelled fishy. After reading your article, LD, the fishy form is starting to take shape: a great big bottom-feeding sucker . . . I knew something smelled fishy. After reading your article, LD, the fishy form is starting to take shape: a great big bottom-feeding sucker . . .

]]> By: Linda C. http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164178 Linda C. Tue, 24 Mar 2009 02:32:10 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164178 I believe there is a commission paid by the government somewhere in the mix. I am starting to get all of the rescue plans confused with one another I believe there is a commission paid by the government somewhere in the mix. I am starting to get all of the rescue plans confused with one another

]]> By: Aaron http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164177 Aaron Tue, 24 Mar 2009 02:31:53 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164177 If the banks don't sell at the price the broker, (The Fed), wants them to sell at then treasury will say the bank failed the stress test and FDIC will take them over. Don't you just love intimidation? If the banks don’t sell at the price the broker, (The Fed), wants them to sell at then treasury will say the bank failed the stress test and FDIC will take them over. Don’t you just love intimidation?

]]> By: barry bums a ciggie http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164168 barry bums a ciggie Tue, 24 Mar 2009 02:19:54 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164168 LD, don't the banks have a say about the "broker's" pricing of these homes (toxic assets)? Meaning, if the broker price too low, the banks wouldn't be interested in selling them? LD, don’t the banks have a say about the “broker’s” pricing of these homes (toxic assets)? Meaning, if the broker price too low, the banks wouldn’t be interested in selling them?

]]> By: Peggy Sue http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164166 Peggy Sue Tue, 24 Mar 2009 02:19:29 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164166 That's a great analogy, LD. Simple and withering! Thanks for putting the situation in simple terms. And you've been a prophet with this point from your previous article: '“Be careful what you wish for!” I make this statement because if government is actively involved in establishing compensation practices throughout an industry, then do not be surprised if they look to use that precedent across other industries and other situations. Some may view that as unlikely, but I have already been hearing about situations that would question the validity of contracts, the belief in private business, and results of corporate negotiations. If government intervenes in areas they deem as in the public interest, where does one draw the line? ' And now, this is exactly what we're hearing from the DC wonks and the President--putting their fingers into private business and setting limits on executive compensation, turning contracts upside down, decreed by the power and wisdom of Caesar! Not good. Be careful what we wish for indeed. And the beat goes on. That’s a great analogy, LD. Simple and withering!

Thanks for putting the situation in simple terms. And you’ve been a prophet with this point from your previous article:

‘“Be careful what you wish for!” I make this statement because if government is actively involved in establishing compensation practices throughout an industry, then do not be surprised if they look to use that precedent across other industries and other situations. Some may view that as unlikely, but I have already been hearing about situations that would question the validity of contracts, the belief in private business, and results of corporate negotiations. If government intervenes in areas they deem as in the public interest, where does one draw the line? ‘

And now, this is exactly what we’re hearing from the DC wonks and the President–putting their fingers into private business and setting limits on executive compensation, turning contracts upside down, decreed by the power and wisdom of Caesar!

Not good. Be careful what we wish for indeed. And the beat goes on.

]]> By: Aaron http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164163 Aaron Tue, 24 Mar 2009 02:17:07 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164163 I love how the buyer puts up $7, the government puts up $7 and then finances $86 for the buyer. (This is out of $100) If the purchase goes bad the government is on the hook for $93, If all goes well the buyer splits the profits, that is if the Congress allows them to. But nevertheless this is a good deal for the buyer which is why the market took off today. The government is giving private equity a very cheap option. I mean please PIMCO loves the plan so it can't be a good deal for any counter party, PIMCO always wins and wins big. PIMCO makes Goldman look like a gang of toddlers. I was on the opposite end of quite a few of their trades at the CBOT and I always lost unless they were only buying insurance on their primary trade. I love how the buyer puts up $7, the government puts up $7 and then finances $86 for the buyer. (This is out of $100) If the purchase goes bad the government is on the hook for $93, If all goes well the buyer splits the profits, that is if the Congress allows them to. But nevertheless this is a good deal for the buyer which is why the market took off today. The government is giving private equity a very cheap option. I mean please PIMCO loves the plan so it can’t be a good deal for any counter party, PIMCO always wins and wins big. PIMCO makes Goldman look like a gang of toddlers. I was on the opposite end of quite a few of their trades at the CBOT and I always lost unless they were only buying insurance on their primary trade.

]]> By: WhatNow http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164155 WhatNow Tue, 24 Mar 2009 02:08:14 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164155 LD - Thanks for explaining this to us in simple terms. Maybe a bot or two will understand. What's the saying? "If it's too good to be true......" The AIG executives should have also said that about their bonuses. LD – Thanks for explaining this to us in simple terms. Maybe a bot or two will understand.

What’s the saying? “If it’s too good to be true……” The AIG executives should have also said that about their bonuses.

]]> By: Ferd Berfle http://www.noquarterusa.net/blog/18586/public-private-partnership-or-wont-you-be-my-neighbor/#comment-1164133 Ferd Berfle Tue, 24 Mar 2009 01:34:20 +0000 http://www.noquarterusa.net/blog/?p=18586#comment-1164133 <blockquote>three ring circus</blockquote> That's no three-ring circus. It's a carnival side show complete with a two-faced barker, man-eating chickens, snake handlers, and card readers.

three ring circus

That’s no three-ring circus. It’s a carnival side show complete with a two-faced barker, man-eating chickens, snake handlers, and card readers.

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