Pat C

Why Reinstating Glass-Steagall Is a Fool's Errand

Very well written and good argument. Sorry, still disagree.

Economic Crisis 2008-9: Ignore Friedman's Lessons at Your Peril

Unbelievable waste of time.

A Radical Solution for Healthcare: Kill the Hybrid

This is truly an outstanding article, I hope it gets wide exposure. The reality is that health care is difficult to change. The folks in the UK, Canada, etc. are as adamant about not changing their systems as we are in the U.S.. The reality is that there is no way, I repeat no way that the Senior Citizens (and baby boomers almost Senior Citizens) in the U.S. will let Medicare convert to private insurance and their is no politician, I repeat no politician that would even consider it.

So to fix the "hybrid" disaster a single payer is the way to go. All the right wingers will go wild but if you want it fixed this is the way to go. We must understand in the U.S. that these "hybrids" be they health insurance, mortgage financing or commercial/investment banking are killing us as a country.

With this clear understanding, then we can make intelligent decisions about which industries or activities are better suited for a public structure or a private structure. In my mind, private - free market's should be the default decision. However, if an industry/activity becomes: A) too big and/or privileged or, B) is provided by government out of economic necessity - then it should be provided by the public.

OR, we can continue these ridiculous HYBRID ideology arguments forever and continue to suffer the pain.

Initial Jobless Claims Rise, Pattern Is Erratic

Wish everyone would stop with the "jobless recovery" unless they know that a recovery is possible with out the recovery in consumption it is indeed an oxymoron.

Five Questions About Government's Role in the Mortgage Business

Great article, question #5 is the wild card. Congress has been bought and can't be relied on for sensible decisions. VOTE NO TO ANY INCUMBENT, its the only answer.

Fannie & Freddie: Just the Tip of the Iceberg

JUST THE FACTS - I HAVE A QUESTION. I AM TOTALLY CONFUSED ON THE CDS ISSUE AND NEED SOME HELP.

WHAT WOULD HAPPEN IF:
1ST INSURERS' DON'T HAVE THE CASH/CREDIT TO BUY?
AND
2ND, IF THE INSURERS DO HAVE THE CASH/CREDIT BUT THERE ARE NO BUYERS FOR THE NEW CDS?