SO42

Bond Expert: Thursday Wrap

I wish I could envision a worst case scenario. I keep scanning photos from the thirties, looking and trying to fathom what the hell is going on today.

Global Cardiac Arrest

And...Points to DougM....." To cure the heart attack, it's time for bypass surgery. Central banks should bypass the banks and step into the CP and muni paper markets directly. ".....this gets an SJ nod.

Global Cardiac Arrest

How would devaluing the dollar be accomplished in a sensible way?

And I do like that "discount window funds from central banks could come with strings attached: essentially forcing some percentage of those funds to be onlent in the interbank market." a sorta, "we'll throw you a line, in exchange for "X" portion MUST be interbank. A not-so-subtle kick in the pants, before we will have to get the Tin Man out here with his oil can.

Fannie and Freddie Did Not Cause This Crisis

Oh, Good Grief!

All this finger pointing makes me ill. Look, BOTH presidential candidates had/have ties to a myriad of agencies, people, entities, who had a hand in the making of the current situation. No reasonably intelligent person can say that this whole crisis was "unforseeable"....many people saw it coming, and, as the author of this article states, much of the momentum was provided by brokers who decided to ride the gravy train and then leap off at the last second. Collectively, we are ALL responsible for this, and collectively, we all have to swallow the dern medicine and recover. Face the facts and get on with things, already.

Don't Get Sanguine About This Bill

Oh, blah, blah, BLAH. Wooden arrows, wool, motorsports.....nutz.

What matters to me is what, if anything, has been changed or hopefully improved in this "new" bill. Who the hell has time to read 400-some pages? Who, besides an attorney, could understand it? 100 pages was bad enough, and the old bill's language was totally unacceptable. Hopefully the House reps got to read it, or maybe their flunkies, overnight. Maybe they will delay the vote so they can do further consideration.....but wait! That would make too much sense.

Why This Bailout Can't Work - And What Will

This guy is blinkin' crazy!