Troutbum

How to Spend $700B and Actually Solve the Problem

Look folks- The gov't makes money here; Mark-to-Market is part of the problem- value longterm assests on a shortterm fluctuating basis is wrong. This will eventually be corrected.

But right now the gov't is going to pick or "real" assest that; becuase they can hold and have a longer term horizon- WILL re-flate and appreciate.

This whole issue at the moment is about crisis of confidence not the $$$$$ - and the irresponsible polititicians who do not understand this are dealing with more than fire - they are dealing with "china syndrom" financial meltdown -

That is why the deal will get done with appropriate "CEO pay" window dressing and LONG XLF is the right position to be in.


On Sep 25 10:18 AM TheBookkeepe r wrote:

> This makes sense, and it approaches the solution used in the Great
> Depression, when commercial banks were formed. They could only lend
> county-wide. Banks became a service the citizenry that were restricted
> from gambling with the citizen's money that was on deposit..