ST Alpha - "SITWAP: CNBC finally getting a clue: "Let AIG go bankrupt, not America." -- (link)" (Reading a Post)

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SITWAP: CNBC finally getting a clue: "Let AIG go bankrupt, not America." -- (link)

Posted by TaurusII Mar 11 '09, 14:09

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http://www.cnbc.com/id/29476319 (www.cnbc.com)

Responses:

worked great with Lehman... and AIG is only 5x bigger - Stewie Mar 11, 14:24
Not so much CNBC as much as a guy who appeared on CNBC. -- nm - Mop Mar 11, 14:14
A lot of what he said is incorrect though - Japan's lost decade wasn't caused by trying to bail out the banks, it was because the banks were allowed - Roger More Mar 11, 14:14 15
- Sweden also got the government out of a lot of national areas in the 90s too. Deregulation was as big a part of that as anything else. -- nm - Name Withheld By Request Mar 11, 14:21 1
  - Oh definitely. While Japan made a lot of investments in infrastructure that it didn't need. Not that gov't stimulus in infrastructure is a bad thing, - Roger More Mar 11, 14:31
- well, in japan, the banks became "zombie" banks, which - tRuMaN Mar 11, 14:20 4
  - sure - goes to my point that the guy quoted in the article is mistaken. It wasn't the bailing-out of banks that led to the lost decade, but the way... - Roger More Mar 11, 14:25
  - [deleted] 2
    - "or sometimes not at all!" -- nm - znufrii Mar 11, 14:24 1
      - YSMM! -- nm - TaurusII Mar 11, 14:24
- And what are we doing? -- nm - TaurusII Mar 11, 14:16 6
  - captializing profits, socializing losses - Epiphany Mar 11, 14:18 1
    - Sounds like "cooperative government officials" to me. -- nm - TaurusII Mar 11, 14:20
  - My understanding is a little from column A and a little from column B -- nm - Roger More Mar 11, 14:18 3
    - When do I get my egg roll? -- nm - TaurusII Mar 11, 14:21 2
      - If you're interested though, here's a brief description of what Sweden did. I'll look for a story on Japan's response to its banking crisis -- (link) - Roger More Mar 11, 14:26 1
        
        Here's a brief description of the lost decade - again from the Economist (c and p'd because it's subscription only) - Roger More Mar 11, 14:29
- Hmmm... replace "a lot" with "some". I have issues too with the "debt + borrowing + consumption is not a solution" argument - Roger More Mar 11, 14:16

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