Маразм крепчал...

Feb 11, 2009 08:59

Какое счастье, что я почти месяц занималась, читала бредовые книжки и не следила за рынком. Зачем полезла в новости? Просто волшебный заряд ярости...

The Obama administration's new plan to bail out the nation's banks was fashioned after a spirited internal debate that pitted the Treasury secretary, Timothy F. Geithner, against some of the president's top political hands.

In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and Congressional officials.

мАлАдец! Не нужны им ежовые рукавицы. Они и так деньги тратят исключительно с умом!

On Monday evening, new details emerged after lawmakers were briefed on the plan.

It intends to call for the creation of a joint Treasury and Federal Reserve program, at an initial cost of $250 billion to $500 billion, to encourage investors to acquire soured mortgage-related assets from banks.

Если market cap для Citigroup~19 BofA~30 JPM~100, итого около 150, почему программа предлагает изначальный капитал в сумме от $250-$500 только для разборки с "soured mortgage-related assets"?

A second component of the plan would broadly expand, to $500 billion to $1 trillion, an existing $200 billion program run by the Federal Reserve to try to unfreeze the market for commercial, student, auto and credit card loans.

мАлАдец! Ничего не может быть умнее попытки "to try to unfreeze the market for commercial, student, auto and credit card loans" во время растущей безработицы, когда сбережения по нулям, а потребители по уши в долгах.

A third component would involve a review of the capital levels of all banks, including projections of future losses, to determine how much additional capital each bank should receive.

Зачем такие сложности? Почему бы просто не дать каждому банку пару сотен миллиардов. Мне, например, будет очень интересно наблюдать как банки дают в долг когда безработица растет.

A separate $50 billion initiative to enable millions of homeowners facing imminent foreclosure to renegotiate the terms of their mortgages is to be announced next week.

Жду-не-дождусь. Посмотрим сколько там пунктов, и будет ли хоть один из них работать...так, исключения ради.

For his part, Mr. Geithner will blame corporate executives for much of the economic crisis, according to officials. He will announce rules that require all banks receiving capital from the government to submit plans that describe how they intend to strengthen their lending programs and generally restrict them from using the money to acquire other banks until the government money is repaid.

Страшнее может быть только полёт в терновый куст или удар по попе мокрой макарониной.

In an interview on Monday Mr. Axelrod did not deny that there were differences of opinion as the policy was being crafted or that he had taken a harder line on issues such as executive pay restrictions, as other participants to the discussions recalled. But he said he was ultimately satisfied with the final product put forward by Mr. Geithner. "We had a great and productive discussion and as a result we came up with a good set of guidelines and rules,” he said. "I didn't come away disappointed in any way.”

Странно, а казался довольно вменяемым человеком...

Abandoning any pretense about limiting the moral hazards at companies that made foolhardy investments, the plan also will not require shareholders of companies receiving significant assistance to lose most or all of their investment.

Nor will the government announce any plans to replace the management of virtually any of the troubled institutions, despite arguments by some to oust current management at the most troubled banks.

Правильно. Зачем замнять менежмент, который нагнул акционеров, раздал огромные бонусы и использовал безмерное количество leverage (как leverage перевести на русский?)


And for all of its boldness, the plan largely repeats the Bush administration's approach of deferring to many of the same companies and executives who had peddled risky loans and investments at the heart of the crisis and failed to foresee many of the problems plaguing the markets.

*демонический смех*
I rest my case

экономика, когда хочется сказать матом

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