speaking on CNBC this afternoon.
And the fact that Europe is worse than the US is saying something, she says, since she's definitely still not positive on US banks.
Other than that, her interview appears to be a rehash of her op-ed arguing that financial reform will kill jobs.
"It could be very bad."
As for specific aspects of financial reform that concern her: pre-emption (rules that would allow banks to move to different states and take advantage of lower interest rates in some markets) and interchange fees regulation.
Specifically, she expects that interchange regulations will cream smaller banks to the benefit of the larger banks, hampering merchants' access to capital.
As for the stock market: The second half will be "bleak."
Why?
No end demand from consumers, and a double dip in housing.
Update: Here's the video.
Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts
Tuesday, 18 May 2010
Sunday, 5 April 2009
Wednesday, 11 March 2009
Monday, 9 March 2009
CNBC Gives Financial Advice
CNBC's Rick Santelli is angry that those loser homeowners are going to get bailed out.
Subscribe to:
Posts (Atom)