gabe borenstein

10 More Notes for the Current Crisis

The only failure with the TARP ist hat it should have beem implemented much earlier.
The error committed by the Treasury was tho allow Lehman to fail allowing speculators to test the tolerance limits.The error committed by the various components of the industry was diverse but the subprime lending enhanced by the Micky Mouse AAA rating on the subprime paper ,is the culprit of the financial sector's derailment.
The articles like this one have no value as the problems,issues are identified and remedies are applied .
The results may take some more time(lag),but major market and economic rebound is on the way.
It seems to me that the imposition of no naked short rule shoud be reinstituted untill broad confidence is restored .
Shorting thestock has no economic value -you don't like public company A ,don't buy the stock or buy the stock in company B.
For myself ,I have issued the warnings about impending Armageddon in an interview with Mark Gilbert (Bloomberg London) in June of 2005 and again on September 18 /2007 (Bloomberg TV -Brian Sullivan).
Now ,I am not going to discuss the sincere and measures implemented by the Administration,Congres... ,Treasury and the FED aimed at addressing serious issues-but I know they are very effective.
Spain?-it is about to implode and the higher reserve requirements will only enhance the degree of implosion.
U.S stock market is in the midst of solidifying the base for unprecedented rally .Volatility will continue.
Global cooperation on the key financial /economic issues makes the constructive outcome a certainty.