@3:28

WTF are you talking about?

I realized what he's trying to do, but what's the point of a temporary facility if everyone assumes it will be reopened whenever it's needed? Not to beat the dead horse of moral hazard, but shouldn't they either keep it open forever or just close it down?

rookie ERA of over 6? what a joke. he's got no business talking baseball or economics.

I don't understand why everybody wants to buy AOL - who uses AOL anymore? Pretty sure I stopped getting those free CDs in the mail 10 years ago.

I think going private would be more of a signal of problems for counter-parties than a problem in itself. Counter-parties will question the motives and take that information as a sign that Lehman has things it hopes to hide. I think Carney's onto something - they could go private in a good market, no questions asked, but doing it now is a no-go.

Clearly this is just the slimming effects of his all-black turtlenecks.

Once BBX wins this lawsuit, maybe they'll be solvent?

Gotta love the corporate history at Purple. First it's an event planner, then an clothing designer, then a "low budget film" producer, now it's making pomegranate juice. Definitely a can't miss company.

Jesus, stop whining idiots. I'll clue you in - there are typos on this post EVERY day. Deal with it. But just for today:

@7:57 - he meant "Some think"
@9:16 - he meant "good"

I'm sure that makes your day much, much easier now that you can comprehend this confusing post.

Pretty soon it's all gonna be a la carte:

http://www.nytimes.com/2008/08/01/business/01coffee.html

Please explain this new counting system used by the more enlightened nations.

gross and his big head need to STFU.

Gotta love Jim Bunning. Full of sharp insights.

@57 - Amen.

You're generally right, but why do this bailout through the roundabout way of buying crap assets above their market prices?

Mark 'em at the real price, let the banks fail, then come in to recapitalize. Wipe out the equity, convert the debt and the govt can take a senior piece and guarantee the counterparty risk. I agree that the gov't needs to come in w/ a bailout, but why not do it directly?

Will definitely miss you Joe...this was the best part of DB.

We reach a bottom once Cramer goes off the air?

"[T]hough unfortunately it may end up costing AIG its soul."

Why would you care about AIG's soul? The one getting extorted here is the taxpayer, who's on the hook for the $150b. Absolutely no benefit to easing the terms of the loan, except possibly for Hank Greenberg and his fellow whiners.

"If we no longer do that, we're at the will of foreign importers in whole, who can set their price points without regard (well, kind of)."

Right. Just like toys and clothes, where those damn Chinese and Vietnamese have us at their mercy. Its tough to find a cheap pair of socks these days.