lepso

Wall Street Breakfast: Must-Know News

Where did all that asset go?
Did derivatives do that much damage?

Paulson and Bernanke: A Conspiracy of Dunces

The bottom up plan is the only one that makes sense. Some pencil to the paper could tell you. It would also reduce the voters' revolt who are mad as hell. The elected parties would fell safer and vote for it. The Banks could impliment the process but the Fed would provide the finances and the strict control. The toxic paper could simply be written down and the holders of these papers feel the pain.

More On Global Subprime Banking Fallout [Housing Tracker]

It is so frustrating how these colassal events are moving through the recent days and even the people that are talking about it do not understand. The media does have a great responsibility to make these events more clear, make them more understanding. Are the practices of working with derivatives so risky? How are "off book accounting" practices so toxic when the market forces do not comply with the anticipated.