wnyc.org / 93.9fm / am 820

Comments

• [1] michaelw from INWOOD January 14, 2009 - 09:43AM

  The problem is we're going to have a Treasurey Secretary Tim Geithner who has a problem paying taxes and who hires illegal aliens to work for him.

  This is the kind of administration Obama wants to change the direction we're going.

  Seems like we're going in the same direction.

  So Obama doesn't vet his candidates any more.

  Richardson?

  
  
• [2] Susan January 14, 2009 - 10:07AM

  Absolutely no more should be paid out to the Wall Street kleptocrats until every cent already provided is accounted for. If these banks are necessary at all, they should be nationalized--since we're nationalizing the risk and costs anyway. Further bailouts should not proceed without a national referendum. No one I know is in favor of this boondoggle (or Obama's even bigger boondoggle).

  
  
• [3] NWP from Greenwich,CT January 14, 2009 - 10:11AM

  Has his bank passed the increased FDIC cost along to customers as increased fees?

  Mine JPM Chase has!

  
  
• [4] NWP from Greenwich,CT January 14, 2009 - 10:12AM

  Did the customer run the bank unwisely or did bank management.

  Now the cutomer pays for their mistakes.

  
  
• [5] david from NYC January 14, 2009 - 10:14AM

  The reason these small community banks show profits is because they are not corrupt, and dont hide and lie about all the profits they make, and steal from customers, by charging all the exuberant fees they charge.

  
  
• [6] Jeff from ny January 14, 2009 - 10:15AM

  I'm curious if he knows about the health status of USAA, the nonprofit financial institution for veterans. I do all my banking there, and they seem to paint a rosy picture of themselves. Can I believe them?

  
  
• [7] EM from nj January 14, 2009 - 10:16AM

  I disagree with the guest's statement that people are not applying for loans.

  I recently applied for a home equity line of credit with my credit union. The rate is tied to the prime and very attractive right now. I have very good credit and the home equity I was offering to secure the loan was about 10 times the amount of the loan requested. After completing the application, I was told I would have to supply either estimates or invoices even though I had told them that I had wanted the HELOC for possible future home renovation.

  
  
• [8] hjs from 11211 January 14, 2009 - 10:17AM

  do we know who made money from the whole sale devaluing of the USA.

  
  
• [9] Susan from Kingston, New York January 14, 2009 - 10:17AM

  Nobody is borrow because no one is sure that they are going to have a job in the near future. So many of the companies that seemed to be a sure bet are now on the rocks!

  
  
• [10] Cathi from New York, NY January 14, 2009 - 10:17AM

  The TARP should also be used to support the work of financial institutions other than banks- i.e. community development financial institutions and community development credit unions who support low and moderate income communities through affordable financial services. CDFIs and CDCUs provide much service and help build sustainable communities and build assets- the work of these organizations have been ground breaking in terms of anti-predatory loans

  
  
• [11] DB from manhattan January 14, 2009 - 10:18AM

  A lot of what's driven the complicated financial instruments you referred to is complicated models derived at leading business schools among top financial minds. You and those like you are following a much simpler model.

  Do you think it would make sense for banks, lenders, etc., in general to be more simple in their processes, and behave more according to plain fundamentals?

  
  
• [12] Martin from Montclair, NJ January 14, 2009 - 10:21AM

  The TARP and other measures under discussion are all short term fixes that increase the national debt. What can be done to fix the "fundamentals of the economy" so that the debt can eventually be paid.For example, bring back Glass Stegal, limit OTC derivative trading, measures to limit outsourcing of service jobs like accounting, radiology, and customer support.

  
  
• [13] laiah raphael from Greenwich CT January 14, 2009 - 10:24AM

  What ever happened to the BASIC RULE OF DECISION MAKERS: BEFORE YOU MAKE OR IMPLEMENT A DECISION, YOU MUST ANTICIPATE ALL POSSIBLE OUTCOMES. YOU MUST DO THIS IN WRITING AND WORK OUT EACH SCENARIO. THIS IS APPLICABLE TO LENDING 350 BILLION DOLLARS AS WELL AS STARTING A WAR. LAIAH RAPHAEL