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???????????...
Wall Street Breakfast: Must-Know News [View article]
[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