Comments on: Future of United States in Hands of Two Dartmouth Kids (and a Harvard) http://www.ivygateblog.com/2008/09/future-of-united-states-in-hands-of-two-dartmouth-kids-and-a-harvard/ You just spent 40 grand. Treat yourself. Sat, 20 Mar 2010 18:19:31 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: ajhttp://www.ivygateblog.com/2008/09/future-of-united-states-in-hands-of-two-dartmouth-kids-and-a-harvard/comment-page-1/#comment-20419 aj Mon, 06 Oct 2008 19:17:45 +0000 http://www.ivygateblog.com/?p=2771#comment-20419 I'm hoping with all my heart that "Paulson" is, in fact, Hank Paulson, who has understood the importance of leaving explanatory comments on a post from a blog dedicated to porn jokes/the Ivy League during this time of great economic peril. I’m hoping with all my heart that “Paulson” is, in fact, Hank Paulson, who has understood the importance of leaving explanatory comments on a post from a blog dedicated to porn jokes/the Ivy League during this time of great economic peril.

]]> By: Hurtzhttp://www.ivygateblog.com/2008/09/future-of-united-states-in-hands-of-two-dartmouth-kids-and-a-harvard/comment-page-1/#comment-19158 Hurtz Tue, 30 Sep 2008 14:44:10 +0000 http://www.ivygateblog.com/?p=2771#comment-19158 I want a bailout. I want a bailout.

]]> By: D '07http://www.ivygateblog.com/2008/09/future-of-united-states-in-hands-of-two-dartmouth-kids-and-a-harvard/comment-page-1/#comment-19151 D '07 Tue, 30 Sep 2008 14:10:38 +0000 http://www.ivygateblog.com/?p=2771#comment-19151 P.S. The main opponents of the Wall Street bailout in Congress are free-market ideological Republicans, not "champagne socialists."Yes, Paulson, this is everybody's problem -- that's why plutocracy isn't fun for the rest of us. P.S. The main opponents of the Wall Street bailout in Congress are free-market ideological Republicans, not “champagne socialists.”

Yes, Paulson, this is everybody’s problem — that’s why plutocracy isn’t fun for the rest of us.

]]> By: D '07http://www.ivygateblog.com/2008/09/future-of-united-states-in-hands-of-two-dartmouth-kids-and-a-harvard/comment-page-1/#comment-19149 D '07 Tue, 30 Sep 2008 14:08:00 +0000 http://www.ivygateblog.com/?p=2771#comment-19149 Doing nothing will plunge the country into a 10-year recession, but it might readjust, especially with smart legislation. A $700-billion bailout combined with an expensive war and an impending social security crisis (causing the national debt to balloon, devaluing the dollar, and jeopardizing national security) will in all likelihood avert the impending doom for now and make it infinitely worse sometime later in the century -- the kind of selfish thinking that got us here in the first place! Doing nothing will plunge the country into a 10-year recession, but it might readjust, especially with smart legislation. A $700-billion bailout combined with an expensive war and an impending social security crisis (causing the national debt to balloon, devaluing the dollar, and jeopardizing national security) will in all likelihood avert the impending doom for now and make it infinitely worse sometime later in the century — the kind of selfish thinking that got us here in the first place!

]]> By: BSLhttp://www.ivygateblog.com/2008/09/future-of-united-states-in-hands-of-two-dartmouth-kids-and-a-harvard/comment-page-1/#comment-19006 BSL Mon, 29 Sep 2008 09:35:00 +0000 http://www.ivygateblog.com/?p=2771#comment-19006 Paulson is absolutely right. harvard05 has no clue at all what is going on in the financial world right now Paulson is absolutely right. harvard05 has no clue at all what is going on in the financial world right now

]]> By: Paulsonhttp://www.ivygateblog.com/2008/09/future-of-united-states-in-hands-of-two-dartmouth-kids-and-a-harvard/comment-page-1/#comment-18976 Paulson Mon, 29 Sep 2008 05:43:46 +0000 http://www.ivygateblog.com/?p=2771#comment-18976 At the very least i want you champagne socialists to admit the fact that doing nothing will plunge this country into a 10 year recession - the academic economists believe this, they just think it's good in the long run. I on the other hand recognize that if this country goes through a major economic downturn, we are going to see Congressional legislation reminiscent of the New Deal, which is far worse than any kind of Wall Street bailout. With regards to why i wouldn't buy the toxic assets, you've obviously never heard the old Wall Street adage, "The market can stay irrational for longer than you can stay solvent." At the very least i want you champagne socialists to admit the fact that doing nothing will plunge this country into a 10 year recession – the academic economists believe this, they just think it’s good in the long run. I on the other hand recognize that if this country goes through a major economic downturn, we are going to see Congressional legislation reminiscent of the New Deal, which is far worse than any kind of Wall Street bailout. With regards to why i wouldn’t buy the toxic assets, you’ve obviously never heard the old Wall Street adage, “The market can stay irrational for longer than you can stay solvent.”

]]> By: dmouth09http://www.ivygateblog.com/2008/09/future-of-united-states-in-hands-of-two-dartmouth-kids-and-a-harvard/comment-page-1/#comment-18972 dmouth09 Mon, 29 Sep 2008 05:13:13 +0000 http://www.ivygateblog.com/?p=2771#comment-18972 Wow, without anything else to reference, I would probably call harvard 05 a self-righteous liberal prick.What was "melodramatic" about saying Wall Street is paying a price? A majority of the people losing their jobs are not millionaires or billionaires. In fact, they're probably your former classmates. Wow, without anything else to reference, I would probably call harvard 05 a self-righteous liberal prick.

What was “melodramatic” about saying Wall Street is paying a price? A majority of the people losing their jobs are not millionaires or billionaires. In fact, they’re probably your former classmates.

]]> By: harvard 05http://www.ivygateblog.com/2008/09/future-of-united-states-in-hands-of-two-dartmouth-kids-and-a-harvard/comment-page-1/#comment-18961 harvard 05 Mon, 29 Sep 2008 03:26:55 +0000 http://www.ivygateblog.com/?p=2771#comment-18961 if the assets are undervalued and whoever buys them will reap a major windfall, why don't you invest in them? why don't large investment funds or sovereign wealth funds buy them up at whatever price the US Treasury is going to pay? this is probably going to end up as a plain and simple subsidy to wall street, and most academic economists have said so. that something must be done to forestall a credit crunch wiping out new investment in other sectors is true enough, but there are real distributional issues involved in this and Wall St. is trying to terrorize the public into agreeing to shoulder the costs of this before anyone realizes what's happening.That you speak so melodramatically of millionaires and billionaires "paying a terrible price" is indicative of how far removed from reality you are and should give you some clue as to why the rest of the country despises you. if the assets are undervalued and whoever buys them will reap a major windfall, why don’t you invest in them? why don’t large investment funds or sovereign wealth funds buy them up at whatever price the US Treasury is going to pay? this is probably going to end up as a plain and simple subsidy to wall street, and most academic economists have said so. that something must be done to forestall a credit crunch wiping out new investment in other sectors is true enough, but there are real distributional issues involved in this and Wall St. is trying to terrorize the public into agreeing to shoulder the costs of this before anyone realizes what’s happening.

That you speak so melodramatically of millionaires and billionaires “paying a terrible price” is indicative of how far removed from reality you are and should give you some clue as to why the rest of the country despises you.

]]> By: Paulsonhttp://www.ivygateblog.com/2008/09/future-of-united-states-in-hands-of-two-dartmouth-kids-and-a-harvard/comment-page-1/#comment-18958 Paulson Mon, 29 Sep 2008 03:06:09 +0000 http://www.ivygateblog.com/?p=2771#comment-18958 Ok, you lefties obviously never took an econ class because otherwise you wouldn't have these pedantic misconceptions of situation we're in. Firstly, this isn't just Wall Street's problem, it's EVERYONE'S problem. If the credit markets collapse,then business won't be able to borrow money to fund their operations. That means that in two weeks, you see a good portion of major manufacturers close down and lay off their workers. Moreover, this is not $700 billion of taxpayer dollars being spent, it is being used to buy assets that are (for the moment) undervalued and considered toxic by the market. Chances are that the taxpayers will actually reap a major windfall from this entire plan. Wall Street however, is paying a terrible long term price by having to undergo serious new regulation. Goldman Sachs suffered THE MOST because they were the one bank that acted smart, but now they're getting hit like everyone else. Ok, you lefties obviously never took an econ class because otherwise you wouldn’t have these pedantic misconceptions of situation we’re in. Firstly, this isn’t just Wall Street’s problem, it’s EVERYONE’S problem. If the credit markets collapse,then business won’t be able to borrow money to fund their operations. That means that in two weeks, you see a good portion of major manufacturers close down and lay off their workers. Moreover, this is not $700 billion of taxpayer dollars being spent, it is being used to buy assets that are (for the moment) undervalued and considered toxic by the market. Chances are that the taxpayers will actually reap a major windfall from this entire plan. Wall Street however, is paying a terrible long term price by having to undergo serious new regulation. Goldman Sachs suffered THE MOST because they were the one bank that acted smart, but now they’re getting hit like everyone else.

]]> By: see you oh eighthttp://www.ivygateblog.com/2008/09/future-of-united-states-in-hands-of-two-dartmouth-kids-and-a-harvard/comment-page-1/#comment-18906 see you oh eight Sun, 28 Sep 2008 20:06:54 +0000 http://www.ivygateblog.com/?p=2771#comment-18906 looks like Paulson is giving a talk at Georgetown in that picture...gross. looks like Paulson is giving a talk at Georgetown in that picture…gross.

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