Media Appearance: Power Lunch (10/15/08)

Wednesday, October 15, 2008 | 12:45 PM
in Media



I will be on Powerlunch from 1:15 to 2pm today, discussing the markets, bailout/rescue plan, Bernake testimony, and all things crisis related:

1. The new Bailout price tag is $2.25 Trillion Dollars   

2. Ben Bernanke speech on why he took this job and WTF did he get himself into Stabilizing the Financial Markets and the Economy;   

3. Paulson's reversal regarding bank capital injections comes after a long period of underestimating the problem;

4. Regardless, we still have to deal with a nasty recession;

5. Something about the election/debate is likely to come up.

Should be fun . . .


There were 3 video segments;

The 1st segment, starts at about 3:30.

2nd segment is about markets in general starting at the 1:50.

click for video


3rd segment has a Dennis Kneale mea culpa, and our buy call.

Wednesday, October 15, 2008 | 12:45 PM | Permalink | Comments (76) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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Ask that group at CNBC how they think the financial markets will respond to a huge downturn in commercial real estate, and an absolute blowup failure in unsecuritized debt obligations like credit cards, car loans, HELOCS, etc.

Let's just call them UDOs.

These problems are a 200 MPH freight train coming down the tracks for us in '09.

Posted by: ToddinFL | Oct 15, 2008 1:04:22 PM

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