by Chris in Paris on
10/15/2010 05:20:00 PM ,
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I previously sense unwell to my belly. There is absolutely no way Congress - Democrats or Republicans - may have the backbone to include strings about bonuses as they should. It is going to be an additional cave together with the tired outdated "there was no time" lie they utilised the previous time. If anything,
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Wall Road doesn't deserve any aid,
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Cheap Tiffany Jewellery Uk, but that is not going to quit Washington from dealing dope for the most significant addicts inside the country. CNBC:The put-back crisis is not driven by economics. It really is pushed by legal rights. And there’s simply zero probability that the politicians in Washington are going to let Bank of America or Citigroup or JP Morgan Chase fail due to the fact of a legal situation.
So here’s what I expect will happen. The lame duck session of Congress will pass a bill that essentially papers over the misdeeds of the banks that originated mortgage securities. Every member of Congress and every Senator who has been voted out of office will cast a vote for your bill. And the President will sign it.
Will the public be outraged? Probably. Financial bloggers will scream from the high heavens against an additional bailout of the banksters. Congress may try to create some cost for banks in exchange for your forgiveness,
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