It was a bit disconcerting to hear President George Bush discuss the resiliency of the economy while ten blocks away people were scrambling to figure out whether Bear Stearns is going to be dissolved. We half-wished Bush would actually switch the location of his speech to a Bear Stearns trading floor just so we could see what kind of reception he’d get there.
That didn’t happen. But tonight CNBC is bringing us the next best thing: the President was interviewed by former Bear Stearns managing director Larry Kudlow. It airs tonight at at 7 PM ET on CNBC’s “Kudlow & Company.” We’re hoping it will be like an episode of Law & Order: SVU, with Goldilocks as the “special victim.”
You know, @4:42pm, there are times when adolescent fixations should be put on hold.
16:53 03/14 =DJ UBS, Brokerage Arm Sued Over Marketing Of Auction-Rate Securities….
And it has begun
Awww…does somebody has a case of the Mondays? Where’s the WAAAAAAAAHHHHHbulance? Tito, bring us a tissue! How long have you been on this site – it’s not exactly PhD. thesis material. Let’s give our poster a Blackrock claw clap! Now where’s the drawn butter? Let me guess – you work at BSC and yer gonna get the ax soon and your 401(k) is loaded with company stock and nothing El Presidente will say tonight with Kudlow can cheer ya up? Maybe all you need is a steak…and something else! Don’t worry, be happy! And yes, I hate that song as much as the rest of you do.
El Presidente defiende su peso, american peso, while el oso de stearns goes up in flames.
Kudlow and Bush are made for each other. And Goldilocks? That’s golden “girl” in the emergency room.
@5:07 Perhaps they can compare mens fashions as well. And sip pina coladas. Their meeting brings a whole new meaning to ‘Laffer Curve’. I can’t wait for all the softballs Larry the Con tosses Georgie. It would only be better if it was on Faux Business (FBN) instead of CNBC – during Happy Hour with Cody feeling ‘frisky’ and Rebecca having an even lower neckline in wanting to have an El Presidente illegitimate kid scandal at the Waldorf. Ole!
@5:07 – Kudlow who “attended” but did not graduate Princeton?? He and Sptizer have a lot in common.
Maybe the two of ‘em can do a couple lines, you know, like in the old days…
George “Herbert Hoover” Bush
BSC — too many eggs in one basket and over-leveraged…yup Bush’s fault
@5:46 – And how were they able to get so over-leveraged? Oh yeah, easy credit conditions created by the Fed. Who appoints the Board of Governors of the Fed? Oh yeah, George Bush.
Bernanke did the right thing Friday to prevent even worse immediate consequences, but the left and the right are beginning to bray about “the government bailout of Wall Street.” How many more times is he going to be able to act without being subject to enormous political pressure?
When Bush shows up the same day in NYC with an unrehearsed, bumbling, and clueless speech, it’s easy to think we’re on the verge of a huge wipe-out.
So we all commit financial suicide because the government allows us to?
Wall St firms have the worst management of any industry.