It's amazing how these guys work - is there no class in the MBA program of Harvard to teach you how to deal with tough situations? This is not a time to hide - you have to step up, show yourself and give confidence to the marketplace. Otherwise, leave the kitchen if it's too hot - it's not going to get any better.
Someone please tell Mr. Greenspan to shut up - he has a major stake in this mess - humble down, I think no one wants to hear what you have to say.
You should have cut the rates 2 weeks ago, you never should have listened to Paulson and had to bail out LEH but even before kick Fuld in the ... until he raised capital or sold stocks, parts at reasonable prices. You never should have said in the hearing that lending to Brokers directly was "no option". You never should have said the situation is contained. You probably should have never taken the job as chairman of the FED with almost no foresight in what state the banks were.
Thursday, October 2, 2008
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- getagrip
- I am a professional independent trader
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