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  • Credit Crisis Watch: Gaining Positive Traction? [View article]
    It seems measures of volumes are missing for the different capital and money markets monitored here. If the rates come lower but the flows do not increase that is not much good for a recovery. And this is what is happening right now with banks hoarding TARP equity money to cover for potentially worthless assets still on their books. The political diversion and disputes about the use of TARP funds and about the use of the coming stimulus package add to the uncertainties and cannot but weigh ever more negatively on the stock markets.
    Jan 15 04:46 am |Rating: +2 0 |Link to Comment
  • 3 Things America Needs to Do to Get the Economy Back on Track [View article]
    Sorry correct version:
    This bailout plan is writing a blank check to people who have shown their incompetence at banking and who have encouraged mad credit policies. This plan is like entrusting to fix the chicken pen to the fox.
    There are alternatives which would help individuals and corporations but not the flawed banks which should be liquidated and sold to banks that are well managed. Listen to Congressman Peter DeFazio for instance.
    Oct 01 11:59 am |Rating: 0 0 |Link to Comment
  • 3 Things America Needs to Do to Get the Economy Back on Track [View article]
    This bailout plan is writing a blank check to people who have shown their incompetence at banking and who have encouraged mad credit policies. This plan is like entrusting to fix the chicken pen to the fox.
    There are alternatives which would help individual and corporations but not the flawed banks which should be liquidated and sold to banks that are well managed. Listen to Congressman Peter DeFazio's for instance.
    Oct 01 11:57 am |Rating: 0 0 |Link to Comment
  • 3 Things America Needs to Do to Get the Economy Back on Track [View article]
    To alwaysalady:
    A strong purge, yes, that might be the cure.
    Sep 29 15:26 pm |Rating: 0 0 |Link to Comment
  • 3 Things America Needs to Do to Get the Economy Back on Track [View article]
    Interesting diagnosis and prescription. But too late. Too many viruses have weakened the body. The patient is extremely sick (look at obesity; do you think the Vikings or the pioneers were obese?) and disoriented. It won't recover before a vey long time, if it does.
    Sep 29 12:38 pm |Rating: 0 0 |Link to Comment
  • Bailouts: Misunderstanding the Moral Hazard [View article]
    Exactly right just above. It fits with what I have already written here:
    Instead of funding the losses of incompetent or corrupt bankers why not let them go bankrupt? Creditor financial firms of a bankrupt financial firm would get repaid of what would be left after non-financial creditors have been repaid. Financial firms should know better than others where to put their funds. In the event non-financial creditors are not repaid for their full deposits after using all available guaranties, a federal fund would finance the difference through a long term loan. Surviving financial firms would also get help from this fund. The obese US financial system would be at long last trimmed to service, not itself, but the producers and the consumers.
    Sep 26 03:33 am |Rating: 0 0 |Link to Comment
  • Where's the Bottom? Still Anybody's Guess  [View article]
    To the poet above: why don't you go and sing in front of the inept people of DC instead of squatting space meant for useful discussion here?
    Sep 26 03:19 am |Rating: 0 0 |Link to Comment
  • Where's the Bottom? Still Anybody's Guess  [View article]
    Unpegging money creation from a tangible thing like gold, unleashed all the greed of the financiers and such quacks who are incapable of producing even a nail!
    Sep 25 12:56 pm |Rating: 0 0 |Link to Comment
  • The Greatest Short Sale in History [View article]
    Instead of funding the losses of incompetent or corrupt bankers why not let them go bankrupt. Creditor financial firms of a bankrupt bank would get repaid of what would be left after non-financial creditors have been repaid. Financial firms (banks etc...) should know better than others where to put their funds. In the event non-financial creditors are not repaid for their full deposits after using all available guaranties, a federal fund would finance the difference through a long term loan. Surviving financial firms would also get help from this fund. The obese US financial system would be at long last trimmed to service, not itself, but the producers and the consumers
    Sep 25 09:29 am |Rating: 0 0 |Link to Comment
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