gabe borenstein

The U.S. Economy After the Bailout

Enough of this nonsense.The time for warning was a year ago.
I have issued the warning as early as June of 2005 (Bloomberg -Mark Gilbert) and on September18,2007 (Bloomberg TV -Brian Sullivan).
At this juncture the problems have been identified and are being addressed.
The 700 billion dollars "aid" will provide almost 5 trillion dollars of the stimulous and will liquify the system.
It had taken few years to create the current nightmare .
It may take few months to see the major impact of the "stability plan " on the economy.
Article after article on this platform spews economic garbage full of criticism and no logical and constructive ideas.
This is a great program aimed at helping Main Street -and it will.
The real punishment is being inflicted on Wall Street /financial institutions which will be forced to sell certain assets at the fraction of the face value but are likely to appreciate to the face value -incredible return for the taxpayers.
The SEC should extend the moratorium on the short selling to all of the stocks for three months in order to enhance the effectivness of the "aid" package.