tag:blogger.com,1999:blog-5880610.post9122408458218349485..comments2024-01-13T18:57:18.243-05:00Comments on Information Processing: Hank on CharlieSteve Hsuhttp://www.blogger.com/profile/02428333897272913660noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5880610.post-16858527321241397292010-02-11T17:21:20.895-05:002010-02-11T17:21:20.895-05:00STS - Indeed, your witness is giving pretty damagi...STS - Indeed, your witness is giving pretty damaging testimony about Citibank here. In fact, here's more, the famed Fed Stress Test - http://www.federalreserve.gov/newsevents/press/bcreg/bcreg20090507a1.pdf - so, of the nine banks that were made to take the initial TARP money, it turns out that four had plenty of capital all along: BONY, GS, JPM and State Street; four needed some capital: LondonYounghttps://www.blogger.com/profile/09677529514013996419noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-29082054707578707932010-02-10T16:02:49.380-05:002010-02-10T16:02:49.380-05:00LY:
Ok. Your basic argument is that this is all ...LY:<br /><br />Ok. Your basic argument is that this is all rumor and innuendo rather than provable malfeasance. Maybe so. <br /><br />But here's a better witness, in his own words. Meet former Secretary of the Treasury and Goldman CEO Hank Paulson as quoted by Alan Abelson in his <a href="http://www.observer.com/2010/wall-street/hank-paulsons-dry-heave" rel="nofollow">review</a> of "Sethhttps://www.blogger.com/profile/16486234948199900568noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-48497780019306808932010-02-09T20:33:15.062-05:002010-02-09T20:33:15.062-05:00STS - I invite you to re-read the NYTs article usi...STS - I invite you to re-read the NYTs article using the following rules: (1) when the author quotes an un-named source that won't go on the record and can never be checked mark that info as "I bet this isn't true" (2) when the official spokesman of a firm with a zillion regulators checking everything they say, regulators will full access to their internal data and who would LondonYounghttps://www.blogger.com/profile/09677529514013996419noreply@blogger.comtag:blogger.com,1999:blog-5880610.post-60978039561618749342010-02-08T20:46:16.549-05:002010-02-08T20:46:16.549-05:00LY kindly spent a fair amount of his valuable time...LY kindly spent a fair amount of his valuable time explaining L'affaire AIG to the rest of us, but I still find the account summarized <a href="http://washingtonindependent.com/76031/how-goldman-bet-against-mortgages-and-got-government-to-foot-the-bill" rel="nofollow">here</a> pretty credible.<br /><br />Could be, GS is just the 'poster child' -- imagine a "Wanted: Dead or Alive&Sethhttps://www.blogger.com/profile/16486234948199900568noreply@blogger.com