Comments on: Everyone’s a zombie now

By: elaine

elaine — Tue, 18 Nov 2008 19:07:37 +0000

I want to make sure this horrific situation is never repeated, since the point of origin for most of this mess was bad mortgages, their securitization & bundling, how about congress tweak the Community Reinvestment Act or better yet repeal CRA altogether. I’d like to say we should reinstate the Glass-Steagal Act but due to all these mergers that now seems impossible

By: elaine

elaine — Tue, 18 Nov 2008 18:58:08 +0000

A lot of people invested in annuities (especially Ben Burnake, the FedChair). Surrender fees & taxes on annuities are outrageous as they are taxed as income not cap gains. Given this info don’t you think there’s a better than average chance The Hartford, Lincoln, Genworth, et al are going to get TARP money? If the billions invested in annuities is allowed to vaporize then retirees will rely more on the federal & state governments. Either way it costs. Maybe better to “loan” than just accept costs.

By: Mike

Mike — Tue, 18 Nov 2008 00:38:23 +0000

Damn it Damn it Damn it. Why is the government giving money to companies like GM who are going to change their ways and burn away the money.

I like the word Zombies for these companies

By: Pete

Pete — Tue, 18 Nov 2008 00:14:07 +0000

Another term that should become popular is “morphing” .

Life insurance companies, American Express and others in order to get bail out money are buying banks and “reinventing” themselves for the bucks. Congress and the Feds need to put a stop to this MORPHING practice immediately. With these kind of shenanigans going on, imaging what they’ll do if they’re allowed to receive these billions of $$ . Enough is enough.

By: Digital Wasteland #2 « Horror Reanimated… the home of Bloody Books

Digital Wasteland #2 « Horror Reanimated… the home of Bloody Books — Mon, 17 Nov 2008 23:24:52 +0000

[...] those experts who have put the Western world on the verge of a fiscal apocalypse), here’s a Reuters blogger on the new meaning of the word zombie. According to Forbes Digital’s online financial dictionary [...]

By: NO

NO — Mon, 17 Nov 2008 23:21:09 +0000

No bailouts by criminals (fed gov) for criminals.

By: riccardo scaglia

riccardo scaglia — Mon, 17 Nov 2008 21:27:57 +0000

All blue chips older more than 30 years should be considered “scratch”, in the sense You need to scratch their balance sheets to find real figures. Again, using the definition suggested by reuters editors, zombie too can be applied to all blue chips older than 30 years, they need new directions, but there is no time left