Enjoy the ride.

Excerpt from The Wall Street Journal....

September 15, 2008, 1:21 am

The Government Stood Firm. Was It the Right Call?

"The decision not to risk taxpayer funds to save Lehman Brothers this weekend came just as the political appetite for bailouts had reached its limits in Washington. Whether Treasury Department and Federal Reserve officials made the right decision will only start coming into focus as financial markets respond in the days ahead....

Six months ago, J.P. Morgan Chase won taxpayer support — $29 billion of it — to buy Bear Stearns, the fifth-largest investment bank that was on the edge of collapse. This time, dealing with the fourth-largest investment bank, Treasury and Fed officials wouldn’t blink.

The Fed would expect markets to remain tumultuous in the coming days as derivatives contracts and other trades are unwound. How deep will the blow be? How long will it take the markets to recover from it? If they got it right, the markets will absorb the shock without too much more damage to the broader economy. If they got it wrong, a new painful leg for the financial system and economy has only just begun." –Sudeep Reddy and Jon Hilsenrath

Enjoy the ride. Currently, I live in a small 'crossroad' town in the Sierra Nevada foothills. I'm raising a wonderful son, cultivating a promissing career in Real Estate and enjoying every day! I'm involved in many community activities, charitable organizations and do LOTS of Yoga! Life is a great ride. Things change, I adapt and follow the 'road' with love and humility. Namaste, Tierzah "Kori" Smith
:: HOME :: GET EMAIL UPDATES :: KoriSmith.com :: Black Oak Studio :: Kenny :: Allexindir :: Debra Salonen :: "Omnivore's Dilemma" - A Must Read! :: Wicked the Musical :: Culinary Experience I'm looking forward to! :: EMAIL ::
Previous Entry :: Next Entry Mood: Hold on to your hat Read/Post Comments (0) Share on Facebook FAVORITE WORDS TO LIVE BY: Know Thyself Nothing in Excess Be Impeccable with your Word Don't Take Anything Personally Never Make Assumptions Always Do your Best Seize the Day Love IS God FEAR is the Mind Killer		2008-09-15 9:48 AM History in the making.... Excerpt from The Wall Street Journal.... September 15, 2008, 1:21 am The Government Stood Firm. Was It the Right Call? "The decision not to risk taxpayer funds to save Lehman Brothers this weekend came just as the political appetite for bailouts had reached its limits in Washington. Whether Treasury Department and Federal Reserve officials made the right decision will only start coming into focus as financial markets respond in the days ahead.... Six months ago, J.P. Morgan Chase won taxpayer support — $29 billion of it — to buy Bear Stearns, the fifth-largest investment bank that was on the edge of collapse. This time, dealing with the fourth-largest investment bank, Treasury and Fed officials wouldn’t blink. The Fed would expect markets to remain tumultuous in the coming days as derivatives contracts and other trades are unwound. How deep will the blow be? How long will it take the markets to recover from it? If they got it right, the markets will absorb the shock without too much more damage to the broader economy. If they got it wrong, a new painful leg for the financial system and economy has only just begun." –Sudeep Reddy and Jon Hilsenrath Read/Post Comments (0) Previous Entry :: Next Entry Back to Top