Your prejudice against him IS showing Jack, fortunately for you, Tommy's prejudice against Keady is flying like a huge red flag.
--- In AsburyPark@yahoogroups.com, "justifiedright" <[EMAIL PROTECTED]> wrote: > > Jack what the hell are you talking about? This column is about the > topic Oak and Mario and Jennifer and others have been discussing all day. > > Your prejudice against me is showing. > > > > --- In AsburyPark@yahoogroups.com, "Jack Pitzer" <hinge98@> wrote: > > > > Read it. But it's in the wrong group forum. It should be in > politics, just as the moderator > > said. Political discussions shouldn't be here after Wed. It's Wed. > > Now, I'm sure Tommy will argue that this relates to AP, but the > article doesn't demonstrate > > a connection to AP. > > And Tommy, if you are so against the political group, because you > think there will be > > censorship, then I'll make you an admin. How does that sound. Please > spare this group > > from endless discussions that have nothing to do with AP. > > > > > > --- In AsburyPark@yahoogroups.com, "justifiedright" > <justifiedright@> wrote: > > > > > > Read it and weep: > > > > > > Paulson Speaks. But Will It Move Markets? > > > > > > By Liz Peek > > > Financial Columnist > > > > > > Treasury Secretary Paulson held a press conference today to explain > > > why his department has shifted the focus of the TARP program from > > > buying distressed assets to injecting capital into banks. > > > > > > Financial Meltdown > > > > > > He emphasized that the goals of the program - to stabilize the > > > financial system and spur lending - have not changed. However, in > > > response to shifting events and the threat of potential systemic > > > disruption from bank failures, Paulson and his team deemed direct > > > capital infusions a more effective prop to the economy. Going forward, > > > Paulson emphasized that his three objectives were strengthening the > > > capital base of the financial system, shoring up the asset-backed > > > securities market (which is key to lending in numerous consumer > > > sectors) and working to mitigate mortgage foreclosures. > > > > > > As to the latter, Paulson pointed to the FDIC's proposed loan > > > modification metrics used at IndyMac as a guidepost to similar > > > efforts. He called the agreement reached yesterday with Fannie Mae and > > > Freddie Mac "extraordinary progress" in attempting to limit mortgage > > > foreclosures. He said, "I have been working to avoid preventable > > > foreclosures for some time" and had reviewed innumerable proposals > > > aimed at keeping people in their homes, but that mortgage > > > modifications were extremely complicated. > > > > > > As to the outlook, Paulson described the economy's road ahead as "full > > > of challenges." Questioned about the outlook for the Big Three > > > automakers, clearly one of those `challenges,' Paulson described the > > > auto industry as "critical," and the administration as supportive of > > > manufacturing. > > > > > > He declined to promise a bailout of the Big Three, however, and > > > repeated the administration's view that the solution has to lead to > > > long-term viability for the industry. > > > > > > Mr. Paulson said that there was no timetable for the Treasury to ask > > > Congress for the second half of the original $700 billion TARP plan > > > and also confirmed that the $700 billion in funds available should be > > > adequate. > > > > > > The Dow was off over 250 points as Paulson spoke. The secretary's > > > comments are unlikely to alleviate investor concerns about the length > > > or depth of the economic downturn, since the numerous federal programs > > > that have already been initiated have barely taken effect. Also, the > > > Treasury's flip-flop on the use of TARP funds confirms the reality > > > that Paulson and his team are navigating uncharted waters - and may > > > not have the answers that investors so desperately crave. > > > > > > With the global economy weakening by the day, and with financial > > > bailouts in countries like Iceland seemingly under stress, the capital > > > markets continue to struggle. One discouraging sign is that spreads on > > > speculative and investment grade debt have narrowed only a fraction > > > from 5 year highs hit on November 4. That is the equivalent, in debt > > > markets, of voting with your feet. > > > > > > ------------------------------------ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/