Jack in Maryland

It Wasn't a 'Bailout'

Mr Hamilton: Thank you for this commentary. Would you also say what you think of Jim (Investment Biker) Rogers' view that BSC wasn't allowed to go bankrupt because that would have meant that billions in bonuses delivered this year would have to be returned?

Foreclosure-Proof Homeowners

Let the banks that have dug their own graves fail. Credit and other banking services will be provided by the new banks, which will sprout up like mushrooms.

Why Is This Market Holding Up?

The market, priced in dollars, is holding up. But viewed from the vantage of stronger currencies, perhaps the truth is clearer. That is, that the relative WORTH of the S&P 500 is going down, even as the price holds.

The Next Credit Crisis Will Originate in China

Big question:

Some others have said, similar to comments here, that most of the non-performing loans at Chinese banks are cases where one Chinese State entity owes money to another, which can therefore be resolved with the stroke of a pen in a totalitarian society. And that hence, the apparent liability is eminently fixable.

Or will actual money have to be used to clear the balance sheet, the way it will IF the US government honors its Social Security commitments?

The Next Credit Crisis Will Originate in China

Big question:

Some others have said, similar to comments here, that most of the non-performing loans at Chinese banks are cases where one Chinese State entity owes money to another, which can therefore be resolved with the stroke of a pen in a totalitarian society. And that hence, the apparent liability is eminently fixable.

Or will actual money have to be used to clear the balance sheet, the way it will IF the US government honors its Social Security commitments?