OldNavySailor

The Misuse of Language in the Financial World

Let us not forget the media propaganda transformation of "toxic" assets into "legacy" assets. Now it doesn't sound so bad.

Wall Street Breakfast: Must-Know News

These insolvent financial institutions are a gangrene on the health of the economic body. Any competent surgeon knows the only recourse is to cut our the poison less the entire body will die.

Credit Crisis Reality TV: Upcoming Hearings

Say, is the Department of Justice going to charge someone with conspiracy to commit fraud? I realize that stupidity and greed are not felonies, but given the magnitude of wealth lost and national debt increase, surely a crime has been committed!

Unless the entire U.S. Government is corrupt, somebody has to go to jail!

Wall Street Breakfast: Must-Know News

It's my limited understanding that credit (loans to industry/citizens) will shrink to unsustainable levels for the economy if the Congress doesn't fund the Paulson/Bernanke tag team proposal. Major lenders/investors will go bankrupt and their assets sold off to the private sector. Is this correct so far?

Now, I believe the US treasury will still have the capacity to print inflated fiat dollars, unlike the depression of the '30's which limited the printing due to the gold standard. So inflation will rise, but money will still be available to the rest of the lenders who are not part of the problem. That means regional banks as an example, through their state charters potentially could receive federal treasury loans to offer to industry/citizens.

I am suggesting all is not loss for the world economy due to a credit 'freeze', but only that high profile financial companies will suffer the consequences of their own actions.

I would like to explore this scenario, if only to educated myself as to other options the Congress could consider instead of trusting what the former CEO of Goldman Sachs is saying.