briacal

The Ten Most Egregious Assumptions of 2008

Greenspan was a master of the english language and it was a joy to listen to him to say something without sayng nothing.One day,howewer,he stated that he was aware of the subprime situation but he felt it was not a primary concern.That statement made me belive that Greenspan,the chairman of the Federal Reserve Board,had very little knowledge about research methodology being that he had failed to recognize the importance of that huge variable called subprime interest rate.I think a little less of him now than I did before but I still enjoy listenig to him when he says something without sayng nothing.

Memo to Bernanke and Paulson: Confidence Is a Function of Capital, Not Liquidity

In my last sentnce"ecomy"should read "economy

Memo to Bernanke and Paulson: Confidence Is a Function of Capital, Not Liquidity

I am not a business analist and I have difficulties grasping the sofistication of some financial theorists.I see the bailout as an emergency intervention.A patient who is unconscious in the emergency room needs immediate attention in order to keep him alive.Once this is accomplished,other things need to be done in order to restore his health and make him functional again.The bailout is equal to the emergency room threatment.Once the financial panic is under control,other methodologies can be explored and used in order to keep the ecomy alive and well .