Comments on: Send in the Clown http://www.senseoncents.com/2009/03/send-in-the-clown/ Navigating the Economic Landscape Fri, 19 Mar 2010 05:25:05 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Larry Doyle http://www.senseoncents.com/2009/03/send-in-the-clown/comment-page-1/#comment-882 Larry Doyle Thu, 26 Mar 2009 16:35:30 +0000 http://www.senseoncents.com/?p=2286#comment-882 Truly amazing times. Truly amazing times.

]]> By: thinkaboutthis http://www.senseoncents.com/2009/03/send-in-the-clown/comment-page-1/#comment-879 thinkaboutthis Thu, 26 Mar 2009 16:22:22 +0000 http://www.senseoncents.com/?p=2286#comment-879 I tell ya -- if I were these big money holders of companies -- I would be making my exit to another country --- The one thing our government has not factored in -- is the mores of the generations that are now in the decision making positions. I tell ya — if I were these big money holders of companies — I would be making my exit to another country — The one thing our government has not factored in — is the mores of the generations that are now in the decision making positions.

]]> By: Larry Doyle http://www.senseoncents.com/2009/03/send-in-the-clown/comment-page-1/#comment-875 Larry Doyle Thu, 26 Mar 2009 12:35:48 +0000 http://www.senseoncents.com/?p=2286#comment-875 Fiscal...there are three parts of this PPIP. Sheila Bair and the FDIC will monitor the sale of raw whole loans from the banks. This story that I am highlighting is focused on securities which would be encompassed in the TALF or via the partnership with the large asset managers. My father-in-law was involved in the machinery biz and shared with me that very often auctions were not on the up and up. Fiscal…there are three parts of this PPIP. Sheila Bair and the FDIC will monitor the sale of raw whole loans from the banks.

This story that I am highlighting is focused on securities which would be encompassed in the TALF or via the partnership with the large asset managers.

My father-in-law was involved in the machinery biz and shared with me that very often auctions were not on the up and up.

]]> By: fiscalliberal http://www.senseoncents.com/2009/03/send-in-the-clown/comment-page-1/#comment-874 fiscalliberal Thu, 26 Mar 2009 12:25:51 +0000 http://www.senseoncents.com/?p=2286#comment-874 Years ago, a farm could have a auction of its machinery and other assets like cattle. Ususally these auctions were the result of a death of the owner or a equivalent banckrupcy. Occasionally a member of the family holding the auction would bid, obviously to bid the price up. That type of thing happened for about two items and everyong would leave the sale. The owner is left with the items. The same thing has to happen here. That said, we have to rely in Sheila to terminate the sale. I think she had the tenacity to do that. The government is developing a Plan B in terms of developing a systemic regulater and authority to go in and take over the institution like the FDIC does. That is a less favorable scenario for Citi and BofA. So - the concern is legitmate, but let us hope the market place will work here to do the right thing. So let us hope the Years ago, a farm could have a auction of its machinery and other assets like cattle. Ususally these auctions were the result of a death of the owner or a equivalent banckrupcy. Occasionally a member of the family holding the auction would bid, obviously to bid the price up.

That type of thing happened for about two items and everyong would leave the sale. The owner is left with the items. The same thing has to happen here. That said, we have to rely in Sheila to terminate the sale. I think she had the tenacity to do that.

The government is developing a Plan B in terms of developing a systemic regulater and authority to go in and take over the institution like the FDIC does. That is a less favorable scenario for Citi and BofA. So – the concern is legitmate, but let us hope the market place will work here to do the right thing.

So let us hope the

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