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Originally Posted by aceventura3
Host,
1. I prefer discussing issues on the TFP in bite size pieces. Your topics often introduce broad multi-faceted issues. In my responses I try to focus on one point at a time and I try to get to the core of an issue. You often leave my points dangling and unresponded to.
2. The thing I have always respected in great communicators is their ability to present complicated issues in an easy to understand manner with brevity. When I read some of your posts, its like work - which I am taking a break from when I come to TFP.
3) Speaking of great communicators, here is Pulitzer Prize winning cartoonist Mike Ramerez on the topic of your OP.
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Cyn, The_Jazz, ace.... by default, you're making the average Kos discussion participant seem much more competent than the average TF Politics forum participant. I am not ready to do that.
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Originally Posted by The_Jazz
host, I think that the dim bulb in my brain just clicked on as I had a revalation. There is a disconnect between your perceived audience and the actual one. I'll agree with Cyn that this thread is a bit over my head and that I'm not quite sure what you're after with it, but I think that you might be mistaken as to actually WHO reads your threads and what their background is. The posters at dailykos and prudentbear have substantially different backgrounds than the posters at TFP and at TFPolitics.
That's my observation, anyway. I suppose that you will question the "encouragment" here. If that means you have to take your show on the road, such as it is, so be it. It may be the best thing for you since you'll finally find the folks who can take the time to read and understand all of the information you throw at them.
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The_Jazz... the OP has an article that amounts to a "trial balloon"...reaction to the inevitability that the Fed will transfer it's entire portfolio into machinations like this...Lehman "packaged" crap that the Fed ORIGINALLY would not accept as collateral....shined up by Lehman, "just for the Fed" to accept and lend against.
The Fed will need trillions of dollars to lend against this "type" of "collateral". Lehman's successful "experiment" belies the new reality that the Fed will accept ANYTHING as collateral....with no regulation of the borrowers.
The Fed is lending Taxpayer's money, (as is what is left of the Fed's portfolio), secured by fictitious collateral.. There is no "real world" market for the crap that the Fed is lending our dollars against!
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http://www.reuters.com/articlePrint?...39492520080411
Lehman makes move to turn unsold debt to cash: report
Fri Apr 11, 2008 6:27am EDT
NEW YORK (Reuters) - Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research) repackaged unsold debt and used the Federal Reserve's new borrowing facility to convert loans that investors mostly rejected into cash to finance its business, the Wall Street Journal reported.
According to the Journal, Lehman transferred $2.8 billion in loans that included some risky leveraged buyout debt into a new investment entity called Freedom.
Freedom then issued debt securities backed by the loans, and $2.26 billion of the securities got investment-grade credit rankings from Moody's and Standard & Poor's, according to the report.
The bank used some of those securities as collateral for a low-interest, short-term cash loan from the Federal Reserve, the Journal said, citing people familiar with the matter.
The move was meant as a test to see what the Federal Reserve would accept, and the size of the loan was not material, the Journal added, citing a person familiar with the matter.
Lehman representatives and the Federal Reserve could not be reached immediately for comment.
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Conflict of interest?
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http://www.reuters.com/articlePrint?...46902620070830
Lehman hires Jeb Bush as private equity advisor
Thu Aug 30, 2007 5:36pm EDT
NEW YORK, Aug 30 (Reuters) - Lehman Brothers has hired Jeb Bush, brother of the President of the United States, as an advisor to its private equity business, a source familiar with the situation said.
Lehman hired another relative of U.S. President George W. Bush last year--George Walker, a second cousin, who heads up the bank's asset management business.
Jeb Bush is the former governor of Florida.
Lehman Brothers declined to comment.
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