Mr. Schnider, "So now 5 years later we have the FDIC sueing over something Sheila Bair probably knew about but said nothing at the time."
I would guess you are probably correct but we may never know.
The terrorists would either send him back as detrimental to their mental health or keep and study him to learn techniques to use to bring down America!
He'd sure have some pointed comments about the similarity of calling Mikey a "HONEST, EXPERIENCED, ETHICAL PROFESSIONALS " to Jumbo Shrimp. Mikey has absolutely nothing in common with any of those attributes.
Simple, they get paid by the view for advertising. So, they get one from him and one from each sucker who looks at a post and one from each person who reports it. So, he's probably making them money with each post!
What a can of worms, I have little doubt in my mind that regulators at the highest levels knew that the "TED Spread" was not an actual reading, after all the whole over night lending system had frozen up. It was the whole issue that the Fed and Treasury was combating wasnt it?
So what I would guess is that Shelia Bair, Geitner, Paulson, and Bernanke all understood the TED spread was not actually indicative of Banks lending to each other over night, but in fact knew some banks were being lent to at any rate while some of the other banks were only able to borrower at extremely high rates. After all, isnt that the reason why the Fed had to step in with another product other than the discount window?
So now 5 years later we have the FDIC sueing over something Sheila Bair probably knew about but said nothing at the time.
thanks gillie, I would have guessed that BAC had a horrible ratio because of their lawsuits, however I am surprised about Citibanks being so high.
Payback & Gillie - was it wrong of me to hope that Ol' YellowStain was on that Malaysian airliner?
134 thumbs down. This guy has to have at least ten computers and eight arms!