about this blog
- Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block.
Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.
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Greg
Brian- Ok...the government is going to profit from selling these assets...when an entity profits another entity does not....ala Class 3 Asset Holder. So the Class 3 Asset Holder is going to take a loss....forgive me but who is going to put the equity into the Class 3 Holder to support their capital? No one wanted to invest in or buy Lehman or AIG...that is why they were getting shorted! No one wanted to lend, invest or buy them so why should the market? The bottom line is that alot of financial companies are going to fail and fast. Hmmmm? Is that going to stabilize or destabilize confidence in the financial system? This is ridiculous!
Brad
Maybe an economic colapse is what the USA needs to get back on track. I know it would be rough, but americans are tough. What the govenment is doing right now is wrong, they are stealing from the tax payers, and bad buisness is not learning a lesson. If anything, they should be taking this money they are spending on these corrupt buisnesses, and setting up 401k or retirement funds for the employee's who lose there jobs. That, after all, is what tax money is for, to help the people, not the corrupt buinesses that dug their own graves.
Justin
Legalized theft. Seriously, I have more respect for an armed robber than these government thugs in suits. At least they make no attempt at disguising that what they are doing isn't criminal. Could I raid the treasury to line the pockets of my best friends? Democrats, republicans, it doesn't even matter. They are one in the same. Everyone is getting a piece of the tax payers ass.
Nate B.
Sec. Paulson Summarized - 09/19/08 on Housing 1. We will slowly take away your financial freedom and independence - but you must understand, it is for your own good. 2. We will slowly implement a social system where we unfairly use your money to pay for the mistakes and misfortunes of others - but you must understand, it is for your own good. 3. We will debate the consequences later, but we need to implement the plan now. 4. We will buy up private industries with your money and the money we borrow from you will produce either a complete financial loss or significant gain from interest. Of course, you will never see the benefits of the gains but only the losses. Remember, it is for your own good. 5. We the government (Ben Bernanke and I) believe this is the best. Forget capitalism for the time being, it doesn’t really work because we won’t allow it to work. We must take control of the free market and manipulate it with inflated printed money, your tax dollars, and a brand new government entity. Nate B. Nashville, TN