Comments on: What Do You Have To Hide? (III) http://alephblog.com/2008/12/19/what-do-you-have-to-hide-iii/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 25 May 2012 21:31:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Paul in Kansas Cityhttp://alephblog.com/2008/12/19/what-do-you-have-to-hide-iii/comment-page-1/#comment-20470 Paul in Kansas City Wed, 24 Dec 2008 01:31:58 +0000 http://alephblog.com/?p=1274#comment-20470 Great dialogue; Jeff it is good to see you post and I have found your comments on your blog extremely helpful. I wish I were in Chicago to "pick your brain" as one of your (older at 44) students!! Merry Xmas/Happy Holidays to All here! Paul in Kansas City Great dialogue; Jeff it is good to see you post and I have found your comments on your blog extremely helpful. I wish I were in Chicago to “pick your brain” as one of your (older at 44) students!!

Merry Xmas/Happy Holidays to All here!

Paul in Kansas City

]]> By: David Merkelhttp://alephblog.com/2008/12/19/what-do-you-have-to-hide-iii/comment-page-1/#comment-20456 David Merkel Tue, 23 Dec 2008 05:25:07 +0000 http://alephblog.com/?p=1274#comment-20456 Jeff, you know that I think highly of you as well. I will give you a response in the form of a post this week, sometime. I need to think about it. Jeff, you know that I think highly of you as well. I will give you a response in the form of a post this week, sometime. I need to think about it.

]]> By: slickhttp://alephblog.com/2008/12/19/what-do-you-have-to-hide-iii/comment-page-1/#comment-20453 slick Mon, 22 Dec 2008 01:03:26 +0000 http://alephblog.com/?p=1274#comment-20453 Well, Jeff, don't you see? Bloggers all over the world have THE answers. It is such bad luck for all of us that we don't have the critics/bloggers making the decisions. /sarcasm off. I suppose it's nothing new to see the masses taking potshots from the sidelines. It's not that they're necessarily wrong - but they really don't know. But God forbid they AGREED with the powers-that-be, then how would they appear smart? It's not an accident that just about everyone seems to know that the Fed and Treasury are doing the wrong thing. The masses (read: those without power) would have us believe that they all know better. I'm glad we'll never get to see what would happen if the critics had the power. Well, Jeff, don’t you see? Bloggers all over the world have THE answers. It is such bad luck for all of us that we don’t have the critics/bloggers making the decisions. /sarcasm off.

I suppose it’s nothing new to see the masses taking potshots from the sidelines. It’s not that they’re necessarily wrong – but they really don’t know. But God forbid they AGREED with the powers-that-be, then how would they appear smart? It’s not an accident that just about everyone seems to know that the Fed and Treasury are doing the wrong thing. The masses (read: those without power) would have us believe that they all know better. I’m glad we’ll never get to see what would happen if the critics had the power.

]]> By: Jeffhttp://alephblog.com/2008/12/19/what-do-you-have-to-hide-iii/comment-page-1/#comment-20445 Jeff Sun, 21 Dec 2008 06:18:12 +0000 http://alephblog.com/?p=1274#comment-20445 Most of the questions you ask have been answered on the public record. They are available for our evaluation. In the case of Lehman, the Fed could not take the collateral because it did not qualify. If they had, you would have been leading the charge in objecting. Treasury had no authority. In the case of AIG, there was concern about counter-party risk that extended worldwide. We got a demonstration of that from Lehman. I am mystified by your criticism of the Obama administration -- yet to weigh in on this. As a careful, loyal, respectful, and interested reader of your work, I have some questions. You have been critical of elected officials, appointed officials, independent bodies -- in fact -- every agency of government. Just how do you think we should be setting policy? Is there some other country or system that is doing this better? Just wondering... Most of the questions you ask have been answered on the public record. They are available for our evaluation.

In the case of Lehman, the Fed could not take the collateral because it did not qualify. If they had, you would have been leading the charge in objecting. Treasury had no authority.

In the case of AIG, there was concern about counter-party risk that extended worldwide. We got a demonstration of that from Lehman.

I am mystified by your criticism of the Obama administration — yet to weigh in on this.

As a careful, loyal, respectful, and interested reader of your work, I have some questions. You have been critical of elected officials, appointed officials, independent bodies — in fact — every agency of government. Just how do you think we should be setting policy?

Is there some other country or system that is doing this better?

Just wondering…

]]> By: DougMhttp://alephblog.com/2008/12/19/what-do-you-have-to-hide-iii/comment-page-1/#comment-20440 DougM Fri, 19 Dec 2008 21:44:21 +0000 http://alephblog.com/?p=1274#comment-20440 On the contrary, the government seems to be terrified at any hint of deleveraging, because people have been propping up the economy with borrowed money for a LONG time. Imagine what would happen to consumer spending if you took away everyone's credit cards! You are right, however. We do need to deleverage. I'm not sure that the government will be able to withstand the political damage, though. On the contrary, the government seems to be terrified at any hint of deleveraging, because people have been propping up the economy with borrowed money for a LONG time.

Imagine what would happen to consumer spending if you took away everyone’s credit cards!

You are right, however. We do need to deleverage. I’m not sure that the government will be able to withstand the political damage, though.

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