Geithner Plan Good for Some Banks, Says Roubini--Others Are Toast

Look at those bank salary by individuals, I am really stunned, are they going to still pay that much? Citi $91K http://www.salarylist.com/all-real-jobs-salary-at-citigroup-global-markets-inc.htm Morgan Stanely $89K http://www.salarylist.com/all-real-jobs-salary-at-morgan-stanley.htm

Why does this crook Blodget have any credibility on anything to do with stocks? He is banned for life from working in the securities industry.

FOLLOW THE MONEY TRAIL: it leads out of the taxpayers pockets, thru YOUR congress, thru timmy geithners "fingers", and given away by the billions to "Gold Man's Slacks", (timmy's and paulson's former employers). If "TOAST; IS THE ORDER OF THE DAY". "Toast congress", and "burn them breadheads" who have been giving our "bread" away, like its going out of style,"buttering both sides for them and their friends". Vote the Bums Out of Office !!!

I just have to say this, what goes round comes around. The auto industry actually destroyed one of the best innovative car ever made in the early 40's because it was a threat to their bottom line, since most of the cars were manufactured with the intent as of today to make a quick buck. That car was Tucker, and was designed by Preston Tucker, who was forced by all auto manufacturers to bankruptcy. Funny to say, Oldsmobile which had a big hand in that historical event, later purchased by GM ceased to exist few years back. Just remembered this historical event and thought of bringing back to life to learn two lessons: One these American companies always cared about making a quick buck (look at Japanese and even Korean cars are making profits i know before this mess), two justice will be served no matter how long it will take. So much for seriousness, off to enjoy the new cartoons at findthelawyer.com for a change. I am only concerned what will happen to the average Joe who got sucked by the auto industry and by the banks in living over their living cost limits, but mind you I still believe that even Joe is to be blamed for being unwilling to educate himself but rather opted to follow like a herd of sheep to the slaughterhouse.

I'm guessing Goldman Sachs invests in bank bonds, so this will never be allowed to happen.

As usual, Roubini is right. He saw all this coming and warned against it. Too bad that Obama does not listen to him or have him as an adviser. I bet Geitner will still bail out BofA and Citi, even though their "stress test" will show that they are bankrupt. The triggering of the Credit Default Swaps, and other derivatives, will be hell to pay though, even with an orderly bankruptcy. Still, that is best way to get out of the recession. Throwing money forever at failed institutions is not the way for Obama to continue.

All the gloom and doomers may want to tone it down a bit. The government made it clear that they weren't going to let any big US banks fail, so there it is. I've bet against them in the past, but I would make no big bets against them, as any gains will be very short term. http://papergains.blogspot.com/ papergains

There is not one post on these blogs that likes what is going on.

Why is Roubini so off based today? He speaks from one side one week and the other the next week. In the words of Stork in "Animal House": "What to do you think we are? A bunch of morons?"

"Why does this crook Blodget have any credibility on anything to do with stocks?" That he's still a celebrity financial 'expert' says a lot about why we're in financial trouble once again. Blodget was one of the biggest cheerleaders for dot com junk in the late 90s. Why don't they use experts who are right most of the time. There are a few. Who they gonna use next as an adviser? Madoff, if he ever gets out? .

I am very discouraged that any rational solutions will emerge in the climate of blame shifting. Remember this whole thing was an unintended consequence of government intervention. The credit problems were SECONDARY, not primary. We have a media driven frenzy over salaries that amount to 50 cents per American with almost no rational discussion of the bigger problem that amounts to somewhere between $2,000 and $8,000 per person. We have attacks on a free market that doesn't exist. You can't have a free market with government props and guarantees. We regulated ourselves into this mess, and like every addict of every kind, we are responding by more of the drug -- regulation -- in the midst of a control freak meltdown. You can't have Democracy with Liberty, unless you are satisfied with Tyranny.

This is the most positive that either of these guys have been. Especially for Roubini! Good sign.

"fairer than just socking it to the taxpayer" ??? The "taxpayer" will be making a nice profit from every bank that pays the loan off!! Many of the "taxpayers" Blodget refers to ARE shareholders!!! Quit writing alarmist misinformation! These stress tests were created by the same folks who got us into this mess, so how can so much emphasis be placed on their results??? How is it that Blodget has the arrogance to criticize anyone in this industry when he has been found unworthy to work in it????

There are gonna be more financial institutions going down the toilet bowl my advise get the money out of the bank and do it the old fashioned way / Hide it in your matress

If the big banks are as bad as the market indicates, the govt can't afford to bail more than one of them out completely. Bet on where GS and MS have their money and bet against the others.

Maybe Mr. Giethner can tell me what Bank Stocks to Buy because the tax payers insure they will be profitable. And maybe he can publish the rules and the laws that support this actions. If we don't follow the laws we are in a Dictatorship. That is just the facts....Hile OBAMA

I am tired of all the secrets and miss direction, haven't investors lost enough money already! The banks need to disclose the health of the banks and make their bottom lines public knowledge. one day the banks need to be nationalized the next week they are making a profit.

Is Blodget supposed to be banned from the Financial industry?

Why do You keep saying that Blodget is a crook? Whathappenned? Do You have a link to that story?

when all the dust settles, we will come to the realization that we can't save all the leveraged gambling our financial institutions did. we are seeing it now. the pecking order of payout no longer protects bond holders of gm, nor the contracts of current and (already awarded) and retired autoworkers. They will get 30-50 cents on the dollar. there is a rightful outrage at the paluson 100% payout to goldman sachs and others. when all is done the truth will be revealed that they should have taken their lumps like others and be given something closer to 30-50%