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February 17, 2010
Payroll and pay unemployment bills or create jobs in other sectors so we can get the economy up and running? theres a difference between spending just to make payroll that is gonna run out and creating jobs. >> important question. in other words is the stimulus helping to maintain the status quo in a troubled time? i would say yes. the other issue -- >> greta: thats not good. >> that is not good. that may not necessarily be good. new indications of what is going on with the banking sector. how w...
February 17, 2010
Payroll and pay unemployment bills or create jobs in other sectors so we can get the economy up and running? theres a difference between spending just to make payroll that is gonna run out and creating jobs. >> important question. in other words is the stimulus helping to maintain the status quo in a troubled time? i would say yes. the other issue -- >> greta: thats not good. >> that is not good. that may not necessarily be good. new indications of what is going on with the banking sector. how w...
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Environment. we see the same thing in u.s. financing where we say were going to take the housing cuts out of fannie and freddie and the first mortgage in order to protect the second mortgage, which should be where the first cut happens. >> right. >> how much will hollandes emergence, if at all, affect the risk of write-downs at big banks for their debt? >> well, you know, i think what youve got in europe is a problem where the banks were heading towards a sort of american-style lehman brothers-t...
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