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  • Wall Street Breakfast: Must-Know News [View article]
    I have written for months that there are "NO COST" SOLUTIONS TO IMMEDIATELY IMPROVE THE ECONOMY AND NET WORTH's.

    [1] Rescind Mark-to-Market, at least for 24 months during this crisis [that it has largely created]! All the experts agree that the underlying assets are worth significantly more than the current "market value" for the securitized mortgage instuments.
    * Bank Balance Sheets would be immediately "reflated" by ~30%. Pressure would be removed from loaning for houses & cars.
    * Individuals NET WORTHS would increase dramatically with the increase in the share prices in their portfolios & retirements accounts, thus stimulating consumer spending.
    * Fear factor removed from Politicians who would no longer be able to justify massive debt giveaways.........

    [2] Reinstate UPTICK RULE thus taking relentless selling pressure off stocks, many driven to below Book values..........

    [3] Prosecute NAKED SHORT SELLERS --- NOW & RETROACTIVELY TO 1-1-08..............

    Tell all the ACCOUNTANTS, ACADEMICS & HEDGE FUNDS to
    STFU ............the party to destroy Americas economy is over!!!!!!!!

    Now, imagine WHO & WHY any honest leader wouldn't want to avoid OBAMA'S ADMITTED CATASTROPHE???????????...

    WHO & WHY????????????

    IMHO
    Feb 17 08:55 am |Rating: +7 -3 |Link to Comment
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