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Yeah, and GM privately held merger talks with Ford back in July. So what?

The bottom line is all 3 are in the dumps, and based on the numbers I've seen, they'll all be out of cash by the end of...

I acknowledge the risk is still very real there. I think that the developments over the past couple of days among the G-7 leaders have finally at the least made it clear to everyone that they will no...

Those are some excellent points, Zippy.

Your observation on the credit market is especially right on. It's been deteriorating ever since last summer, but at a substantially accelerated pace since...

Quite the contrary, BR. What has happened in the past month or so is a quintessential panic. It started in the US, and spread quickly to involve every country in the world that conducts international...

You're ignoring a very crucial distinction between building tall and building dense.

Burj Dubai is a tall building, but its functionality is not the same as a density-maximizer. It's highrise...

And in doing so, you implied that the repeal of Glass-Steagall somehow insulated CDS from legal challenges, and that the subsequent combination of commercial and investment banks somehow contributed...

Jasonik, I'm inclined to strongly agree. There needs to be a fundamental rethinking of the way economic policy guides the market in the US. I'm certainly not arguing we lower rates and keep them low...

The impact on New York and the surrounding area is going to be devastating, perhaps catastrophic. I can't think of a time when year-over-year tax revenues will decline as sharply as they're sure to...

At this point, it's pretty much a moot point, because even 0% interest rates would not stimulate the type of lending we saw over the past few years. The Fed is now following Milton Friedman's theory...

Actually, the repeal of Glass-Steagall was probably one of the best decisions ever made by regulators, because it forced certain investment banks to combine with larger, more stable commercial banks....

I guess I have to admit that I have no recollections whatsoever about Atlantic City as a kid. Maybe my parents took me there as a toddler, but I have no memories. I've only visited twice, both times...

Nice reference to cityrealty, the ultimate arbiter of good architectural taste. :rolleyes:



From what you've written, it sounds like you're saying Gehry's misrepresentation of the tower's...

For starters, AIG is an American-incorporated company, overseen by American regulators. Secondly, the EU is incredibly ill-equipped to deal with this financial crisis. Individual countries are too...

Are you essentially calling me out on being too young to comment on this? I just graduated college this year, you know I wasn't around in the 70s.

Simply put, I'm not going to reply to your posts...

About financing: I remember Anglo-Irish bank being mentioned as the main lender for this project. It's worth noting that, on Monday, its shares plunged 45% as investors feared a run on the bank. That...

Lofter: hedge funds can invest in almost anything, and can take positions both long and short. Mutual funds, on the other hand (think Fidelity) can only bet long on their investments.



I read...

Wow. A political reference. And for the record, I don't think anyone's actually "defending" anything. You think of it as trying to justify a wrongdoing, as if I'm saying "see no evil, hear no evil."...

Randy: your idea is, in practice, workable - but highly unadvisable, IMO. While you're correct that declining real estate prices are the proximate cause of the liquidity and credit crisis, the...

I've read some of them, including Death and Life. I found little to disagree with.



Good.



Great. We're getting somewhere.

Holy crap, just watched the interview. Shockingly bad. I must have been too absorbed in the financial news last week to even notice: did anyone in the media talk about this? How long can McCain keep...

Talk about throwing another big wrench into the political campaigns. Rep. John Boehner just announced that John McCain played a major role in the bailout negotiations by standing up for him during...

Sold to US taxpayers for $700B: banks' bad assets

By THE ASSOCIATED PRESS
September 28, 2008
Filed at 8:12 p.m. ET

WASHINGTON (AP) -- Sold to American taxpayers for up to $700 billion: an...

Nexus: if you haven't gotten Fabrizio to take back something he said after more than 2 or 3 back-and-forths, you won't ever get him to do it.

Fabrizio: I'm sorry to say I strongly disagree with...

I'm waiting to jump back into the discussion, but I don't want an infraction for ignoring a moderator. I'm especially tempted because, after the warning, additional photos of buildings other than 8...

You must be joking.