ChipSeal

Money Markets: Fear on the Rise

"The basic problem that the market confronts currently is that there are many institutions which potentially have substantial problems and there is no economic or political mechanism or entity to impose a solution."

Balderdash! The judicial branch is more than capable of imposing a solution. The principals involver wish to avoid it because the court doesn't give preferential treatment to some of the parties.

In bankruptcy, the interests of each participant is considered in how assets are disposed. Pain for all. (Excepting the lawyers of course!) But treasury officials and politicians can be manipulated to favor one interest over another.

Wall Street Breakfast: Must-Know News

"Obama officials called the minimal details intentional"

This is because they are in campaign mode. Be vague, make general statements about your goals but don't commit to specifics. This way, each member of your audience will impute his own favored solution into your remarks and support the idea! Once it is being implemented, it will be too late.

"Critics are livid with the industry for handing out $18.4B in bonuses even as the companies reported losses and accepted government funds, and for lavish expenditures including private jets and expensive retreats."

I thought all that money was to stimulate the economy. What is the "stimulative" difference between loaning out the money and buying jets and paying bonuses? I dare say the bank executives seem to spend taxpayers money just as responsibly as our elected officials!