Comments on: Bailing Out Wall Street So Dubai Isn’t the Next New York http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/ Firedoglake weblog Sat, 18 Feb 2012 00:38:37 -0600 hourly 1 http://wordpress.org/?v=3.1.2 By: JTJT http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1645367 JTJT Wed, 24 Sep 2008 15:13:15 +0000 http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1645367 <p>I am almost of the opinion that it will be better if the world financial market moves to Dubai…then Wall Street can be just a little exchange like SF or Chicago.<br /> The bonus will be that the serious dickheads will all have to move to Dubai to work and we can be free of their narcissistic imperial dreams.<br /> It would also force us back to a real economy rather than the financialized mess we are right now.</p> I am almost of the opinion that it will be better if the world financial market moves to Dubai…then Wall Street can be just a little exchange like SF or Chicago.
The bonus will be that the serious dickheads will all have to move to Dubai to work and we can be free of their narcissistic imperial dreams.
It would also force us back to a real economy rather than the financialized mess we are right now.

]]> By: kittykitty http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1645216 kittykitty Wed, 24 Sep 2008 13:25:32 +0000 http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1645216 <p>jumping in late very late here. while doing research recently i noticed that major law firms in US have all set up offices, in fact moved corporate headquarters , to Dubai. Major govt contractors as well have moved corp offices to Dubai. What did they know a year ago that we didn’t?? um….</p> jumping in late very late here. while doing research recently i noticed that major law firms in US have all set up offices, in fact moved corporate headquarters , to Dubai. Major govt contractors as well have moved corp offices to Dubai. What did they know a year ago that we didn’t?? um….

]]> By: leftdcin72 http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1645195 leftdcin72 Wed, 24 Sep 2008 13:05:37 +0000 http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1645195 <p>Hey under the Clintons and the Bushes our dependence on foreign fossil fuels is now about 70%, it grew more under the Clintons’ “great” economy than under Bush. The problems we face our systemic with bad presidents. So New York will become like London or SFO, basically a tourist destination.</p> Hey under the Clintons and the Bushes our dependence on foreign fossil fuels is now about 70%, it grew more under the Clintons’ “great” economy than under Bush. The problems we face our systemic with bad presidents. So New York will become like London or SFO, basically a tourist destination.

]]> By: ekunin http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1645152 ekunin Wed, 24 Sep 2008 12:04:17 +0000 http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1645152 <p>Ian</p> <blockquote><p>Investors, and especially foreign investors, want to know that if they buy in again, they’re protected. Since they aren’t going to be allowed to buy up the US’s financial sector for pennies, that means they need to know that prices will be maintained so they aren’t buying pigs-in-a-poke.</p></blockquote> <p>I’m not an economist, but how is this protection? All the Fed does is print money. I guess Buffet is mostly in dollars, so he hasn’t that much to lose.</p> Ian

Investors, and especially foreign investors, want to know that if they buy in again, they’re protected. Since they aren’t going to be allowed to buy up the US’s financial sector for pennies, that means they need to know that prices will be maintained so they aren’t buying pigs-in-a-poke.

I’m not an economist, but how is this protection? All the Fed does is print money. I guess Buffet is mostly in dollars, so he hasn’t that much to lose.

]]> By: em94596 http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1645061 em94596 Wed, 24 Sep 2008 08:16:08 +0000 http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1645061 <p>This is called “taxation without representation.”</p> This is called “taxation without representation.”

]]> By: Novista http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1644942 Novista Wed, 24 Sep 2008 06:10:06 +0000 http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1644942 <p>I like the Kucinich plan: </p> <p>“Since the bailout will cost each and every American about $2,300, I have proposed the creation of a United States Mutual Trust Fund, which will take control of $700 billion in stock assets, convert those assets to shares, and distribute $2,300 worth of shares to new individual savings accounts in the name of each and every American.”</p> I like the Kucinich plan:

“Since the bailout will cost each and every American about $2,300, I have proposed the creation of a United States Mutual Trust Fund, which will take control of $700 billion in stock assets, convert those assets to shares, and distribute $2,300 worth of shares to new individual savings accounts in the name of each and every American.”

]]> By: cinnamonape http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1644883 cinnamonape Wed, 24 Sep 2008 05:18:54 +0000 http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1644883 <p>Another idea…and I think that local municipalities and States could do this. Simply prevent economic evictions to not take place for two or three months if ANY payment is paid in rent or for the mortgage. $1 keeps you in your primary residence. It keeps people in their homes rather than let them sit empty, and holds out the possibility that renegotiation of the mortgage can be negotiated. In fact, it encourages renegotiation of terms by the lender.</p> Another idea…and I think that local municipalities and States could do this. Simply prevent economic evictions to not take place for two or three months if ANY payment is paid in rent or for the mortgage. $1 keeps you in your primary residence. It keeps people in their homes rather than let them sit empty, and holds out the possibility that renegotiation of the mortgage can be negotiated. In fact, it encourages renegotiation of terms by the lender.

]]> By: prostratedragon http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1644836 prostratedragon Wed, 24 Sep 2008 04:47:33 +0000 http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1644836 <p>Great one for the wonks, from CR:<br /><a href="http://calculatedrisk.blogspot.com/2008/09/hold-to-maturity-pricing.html" rel="nofollow">Hold-to-Maturity Pricing</a>, or why does Bernanke think that the loans should be worth more if they’re kept to maturity (swept under the TARP) than they would be today if the holders tried to sell them.</p> <p>Short answer: Probably no good reason. Explanation involves default-risk discounting instead of price decline estimates as we’ve been doing here.</p> Great one for the wonks, from CR:
Hold-to-Maturity Pricing, or why does Bernanke think that the loans should be worth more if they’re kept to maturity (swept under the TARP) than they would be today if the holders tried to sell them.

Short answer: Probably no good reason. Explanation involves default-risk discounting instead of price decline estimates as we’ve been doing here.

]]> By: SunnyNobility http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1644807 SunnyNobility Wed, 24 Sep 2008 04:23:42 +0000 http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1644807 <p>I <em>think</em> I’m with you. Too much fait accompli, too little anticipation/prevention.</p> I think I’m with you. Too much fait accompli, too little anticipation/prevention.

]]> By: sunshine http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1644806 sunshine Wed, 24 Sep 2008 04:22:45 +0000 http://firedoglake.com/2008/09/23/bailing-out-wall-street-so-dubai-isnt-the-next-new-york/#comment-1644806 <p>They both looked like they were lieing to me. When asked why it needed to be passed so quickly neither had a good reason other than we’ll be in a bad recession. We’ve been there for a while. Were they hoping this would get passed before we found out about the FBI investigating them?</p> They both looked like they were lieing to me. When asked why it needed to be passed so quickly neither had a good reason other than we’ll be in a bad recession. We’ve been there for a while. Were they hoping this would get passed before we found out about the FBI investigating them?

]]>