wnyc.org / 93.9fm / am 820

Comments

• [1] gary g from NYC October 09, 2008 - 10:14AM

  This "TOPIC" was presented so much more in depth on

  This American Life last saturday by Alex Blumberg and NPR's Adam Davidson, perhaps if you and your guest had listened to that broadcast this segment would NOT have been so weak and boring.

  
  
• [2] Min from New York October 09, 2008 - 10:19AM

  Though we don't want the government to have full control over banks, what would be the impact of having these bailouts tied to revision in lending policies (temporary or permanent) vis a vis buying back the mortgage backed securities and undoing the derivatives that no one really seems to understand? Also putting a hold on the ARMs and other sorts of semi usury-esque practices?

  
  
• [3] Chris October 09, 2008 - 10:29AM

  How many times did she say 'banks understand risk better than anybody?' Clearly, they didn't or they wouldn't be begging for money now.

  And regarding the US government's stake in the banks, the reason the banks opposed this move was because, simply, it results in a loss of control. Like control over lending money to other banks that the US is effectively backing -something the banks have refused to do as part of their tantrum where they wait to get a $1 for $1 price from the taxpayer for their toxic assets (that they've stubbornly refused to mark to market)

  
  
• [4] adsf October 09, 2008 - 10:54AM

  be nice people

  
  
• [5] scb from New York October 09, 2008 - 12:13PM

  I found it very informative, especially the comments about short-selling.

  
  
• [6] mark Brown from sos-newdeal.blogspot.com AND markbnj.blogspot.com October 09, 2008 - 09:40PM

  interesting.. listening at 9:38 pm (after hearing the dow was down 699 points) it was funny hearing her say the short selling was not the problem, but the esoteric cds and cdo's were the problem.

  doy.

  stupid evil industry shill.

  and btw, she ALSO mentioned the "D" word that I predicted almost 2 years ago now.

  go see my blog sos-newdeal.blogspot.com

  It's coming, ...

  sorry gang... dont kill the messenger.