Reuters reports that zee frogs want in on zee fun. France is apparently planning to propose at a meeting of European Union countries this weekend that the bloc offer a 300 billion euro ($424.4 billion) rescue package. Germany is said to be against it.
Update: French economic minister Lagarde denies the existence of this plan. Which proves nothing.






Posted by PhilSeltzer , Oct 01, 2008 1:07PM
Dennis Kneale's genius should be freed up to pursue other ventures. Or perhaps to spend more time with his family.
He shouldn't be tied down by being on air for CNBC.
(and "first"?)
Posted by cheesedog , Oct 01, 2008 1:15PM
Cant wait to see these countries that hate each other try to agree on how to spend 300Bn. Catfight!
Posted by guest , Oct 01, 2008 1:15PM
True or false?
Kneale knows his numbers and checks his facts.
Posted by guest , Oct 01, 2008 1:16PM
check out dexia's slogan.....go to www.dexia.com
Posted by guest , Oct 01, 2008 1:18PM
No, Kneale was commenting on Ireland's decision to insure all bank deposits. Bess, you need to get some sleep.
Posted by guest , Oct 01, 2008 1:23PM
Dear Doctor Ron Paul -
Please seize control of the govt in a bloodless coup. Your country needs you. We need you. America needs you. Women with dirty vaginas need you.
Sincerely,
Ron Paul Supporter
Posted by guest , Oct 01, 2008 1:23PM
It is simply amazing Dennis Kneale remains at CNBC.
P.S. love the tag
Posted by guest , Oct 01, 2008 1:29PM
They were speaking about this on Bloomberg last night. It was a headline in the french papers and they seemed to indicate it was a done deal.
Posted by guest , Oct 01, 2008 1:31PM
French econ minister Lagarde says "So Zuch Zing" when asked about the EUR300B rescue plan, with a dismissive flip of the wrist. Source: CNBC
Posted by guest , Oct 01, 2008 1:31PM
bought JA Solar at the tail end of the 'crash' on Monday... up 11% today, woot Chinese solar cos. ("SoCos")
Posted by guest , Oct 01, 2008 1:34PM
whats the best option on the wooden arrow play?
Posted by guest , Oct 01, 2008 1:38PM
@10
We still don't care about your shitty trade.
(jackass)
Posted by guest , Oct 01, 2008 1:40PM
Any credibilty to this? Its from his latest newsletter which came out today.
Seems a bit off the wall.
LAST MINUTE MESSAGE: Reliable word that Bank of America branch managers just received a letter or memo from the USFed instructing them to perhaps be ready for a one-week universal shut-down of the banking system, including access to checking accounts, savings accounts and credit cards. Reliable word has it that BofA bank branches received a shipment of signs last week, reading:
“We're sorry, but due to circumstances beyond our control, we cannot be open at this time.”
Source: Jim Willie's Hat Trick Newsletter
Posted by guest , Oct 01, 2008 1:40PM
I know it was late but on Bloomberg she was holding up the paper and saying that the French were guaranteeing their banks.
Posted by guest , Oct 01, 2008 1:41PM
@11 - short US Calvary stocks and wagon makers, long Native Americans and tee-pee/longhouse makers and wampaum printers, long feather pluckers/birds
Posted by guest , Oct 01, 2008 1:42PM
@ #12
I just started my investing career this week, though I've been in PE/banking for years. woot...?
Posted by PhilSeltzer , Oct 01, 2008 1:42PM
@3 - Is that the criteria determining who gets that chair? Cause there's college grads who know their numbers and check their facts.
And I've seen no great indication that he knows his numbers.
What if we call in and tell him to please hold for Neil Patrick Harris.. Now he might just be a while because he's finishing working out, but please hold on because NPH really wants to talk to him.
That should keep him off air for about a week.
Maybe in that time we can find someone else who knows their numbers and checks their facts.
Posted by guest , Oct 01, 2008 1:47PM
@ 13... what!?
"you cannot be serious" - Mac
Posted by guest , Oct 01, 2008 1:53PM
#16:
Good for you. This is not the place to brag about your lame trades, though.
Posted by guest , Oct 01, 2008 1:53PM
No. 13, you are kidding right?
Posted by guest , Oct 01, 2008 1:58PM
@4
That's Great!
Posted by guest , Oct 01, 2008 2:06PM
Quickie is on the phone with Buffet. Why does Buffet keep calling this "an economic Pearl Harbor"?
Posted by guest , Oct 01, 2008 2:08PM
13: They. Don't. Dare. They never dared, but especially not five weeks from Election Day. Every single incumbent would be voted out of office and then when they returned to their districts, torn apart by rampaging mobs. That's "Clinton will declared an emergency and invalidate the election" tinfoil hat conspiracy bullshit.
That Bank Holiday shit might have flown for FDR when people still used cash, but most people don't have a hundred bucks in currency on 'em. The country would descend into chaos in two days.
Posted by guest , Oct 01, 2008 2:08PM
@22
Because it's all the fault of the Japanese, and because the President will use this as an excuse to declare war on Germany. Duh.
Posted by guest , Oct 01, 2008 2:30PM
@13
ron paulian hoax to inspire run on banks?
Posted by guest , Oct 01, 2008 2:39PM
@13
Jim Willie sells gold and his hat trick newsletters are available with subscription only.
I think his website was made by an 8 year old.
Posted by guest , Oct 01, 2008 3:10PM
@26,
a retarded 8 year old.
Posted by guest , Oct 01, 2008 3:15PM
@23 excellent point. LOL.
Never thought of it that way.
@13 saying, whew!
Now for the Senate vote.
Posted by guest , Oct 01, 2008 3:27PM
I hate the French
Posted by Henry Ryecroft , Oct 01, 2008 4:30PM
The Dutchies are the ones who are proposing the rescue. Source: Le Figaro