The WSJ says on its front page that this might still just be a negotiating ploy.
Good point. I'd keep an eye on the WSJ. Murdoch hasn't purged the good reporters there yet. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
Top Wall Street executives and regulators were on Sunday night racing to thrash out a rescue plan for Lehman Brothers as Barclays of the UK, one of two front-runners to buy the stricken bank, said it would walk away unless the US government provided a financial safety net for a takeover. Barclays said it would withdraw from the race after failing to secure a US government guarantee over Lehman's potentially huge trading and credit losses. However, in a sign of the increasing brinkmanship over the rescue the UK bank indicated that a change in the government's position would bring it back to the table.
Barclays said it would withdraw from the race after failing to secure a US government guarantee over Lehman's potentially huge trading and credit losses. However, in a sign of the increasing brinkmanship over the rescue the UK bank indicated that a change in the government's position would bring it back to the table.
It's decision, which was described by an executive close to the negotiations as "pretty definitive and unlikely to change", is a setback for attempts to rescue Lehman, which are being coordinated by the US Treasury and the New York Federal Reserve
At least on Monday. As we saw from this week's Monday-Tuesday movements, predicting the effect of government actions more than 12 hours in advance is suicidal in the current climate :-) A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
I'm a little concerned about Wachovia as well. Probably pulling my money out of it this week. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
Don't listen to the oldtimers Drew, get the frick out of anything that doesn't create tangible assets. Invest in spades. You can't be me, I'm taken
Invest in spades.
(insert joke about donating to Obama here)
</snark>
(Awful, I know, but I couldn't resist.)
My retirement account, which doesn't have a lot in it anyway, is with Barclay's. It's a forty-year evolutionary one. The rest of my stuff is FDIC insured, I think, although I'm not positive on he IRA. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
Progressives need to learn how to address small town and rural voters in an effective way in order to peel off a substantial portion that I suspect can be recruited to support a progressive agenda. To speak in terms of icons or architypes, we may never recruit the John Wayne fans of that world, but we may have success with the Clark Gable fans. This is especially true with this segment's younger voters. Most of them have to leave their homes, their families and their communities just to make a living. There is a community of interests, but progressives must find a language that works in this demographic without losing voters it already has. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
So I suppose "lively" is our likely outcome. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
