LQD: "The speculators have to be burned." | 6 comments (6 topical, editorial, 0 hidden)

Stiglitz: The speculators have to be burned. (4.00 / 3)

Also see this thread in the Tuesday Salon.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 9th, 2010 at 02:22:37 PM EST

Re: Stiglitz: The speculators have to be burned. (none / 1)

I saw that.

The good thing is that this is going to, hopefully, put a hold on the possibility of contagion.

The better thing is that I think that Goldman Sachs just got burnt bad. I suppose that could be bad depending on how Goldman Sachs tries to play this out.

While it would be beautiful if Goldman Sachs bit the dust, the big question is what they are connected to. I guess the threat of contagion isn't over just yet then.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Tue Feb 9th, 2010 at 02:35:50 PM EST
[ Parent ]

Re: Stiglitz: The speculators have to be burned. (none / 1)

Unfortunately, Goldman is connected to Giethner and Summers at the hip, or higher. But it still has to be determined that Goldman will not succeed in staring down both the US and the EU. At least it appears that Mervin King has at least some backbone. Guess I should check the market close today. I have been having all together too much fun replacing tile above the tub/shower.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 9th, 2010 at 05:34:51 PM EST
[ Parent ]

LQD: "The speculators have to be burned." | 6 comments (6 topical, 0 editorial, 0 hidden)

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