JPMorgan Chase: How Much Capital Does a Bank Need? [View article]
I might be wrong but I fear the goal of the government is not for those banks to survive but to force them out of business while appearing to try to help. Thus causing people to believe the problem was private banks and not the type of government control. I think current leaders really want a giant government beaurocracy supported by businesses which will be sucked dry by the government vampirism. Proving in their minds that Capitalism is evil. And Communism is fair! A real oxymoron, But to morons that seems real!
Shedding Some Light on the Department of Justice's CDS 'Markit' Investigation [View article]
As with any regulations. The regulations make certain actions wrongdoing. Wrongdoing is in the eyes of the person affected. every action can be concidered wrongdoing by some people. If a regulation affects me negatively then it is wrongdoing to control. Is taxing to gain revenue wrongdoing? Is threatening the loss of the most needed government needs while supporting fluff by politicians wrongdoing? Is supporting groups which act illegally for manipulative reasons by politicians wrongdoing? The financial system does have people who act wrongly and somme control is needed. But you expect people who manipulate propaganda and want to continue to manipulate beliefs to actually come up with truely fair solutions! I do not expect it! Good luck with your so called improved regulations. Have you not seen what government writes as regulations? could they be written more clearly and concisely? Are they? Why? The less clear any bill is the more it can be manipulated or reinterpreted to suit those wanting change. Or used to cover up reality. Fix problems by creating different problems for others. Is that not the result of most regulations? can you name one regulation brought forth recently that was all help to all people? does not exist!
The goal has not been to help the banks as much as make the banks look more solid. That has been achieved for the time being. Will it be enough in the end? Seems like a coverup to me. Today, it seems talk has merit and facts are cheap, how ironic!
The Common Refrain, To Our Detriment [View article]
I do not understand how people think anything that happens in the US is Capitalistic policy. Capitalistic policy is let the market decide all! Socialistic Policy is control is the best policy. Communistic policy is fair treatment for all based on the leaders beliefs. All government policies are a combination of all of those policies. Government is socialistic in nature. Programs like roads are Communistic in nature. Individuals are Capitalistic in nature. All nations need a balance of all those policies. When any nation moves too communistic or socialistic they are on their way to collapse. Any nation must have real encouragement of capitalism along with rewarding capitalism in order for the nation to flourish. The government has two roles: Supporting comunistic programs and making reasonable socialistic controls over the private sector. Any serious failure in balance will cause problems within the system. That is where we are now. You guess the outcome! What needs to change? Obamanomics will be seen as negative change.
Kovacevich, Lewis and Geithner Speak Out on the Banking Industry [View article]
Roosevelt knew as Obama does: Appearance is more important than fact! As long as people think Obama is being proactive Does it really matter if his policy is truely destructive? Hitler was very good at appearing proactive. They looked good in Germany at the time! Now they know they were mostly propaganda based. Be wary of any propaganda based leaders. Global warming believers do not realize they are wrong and will manipulate facts to fit their beliefs. They can not be wrong! After all: The ice ageists from the seventies believed they were right and kept feeding me their propaganda until evidence said the earth was warming. So many lemmings follow those great leaders until fact finally forces change! How Ironic! Over there is a wall to keep you in! That side has nurses to draw your blood! Over there is the hopeless you are supposed to take care of! Now quit trying to build another wall next to that cliff! You must sacrifice your life so more deserving leaders can thrive! The cost of progress. Or is that degress! Oh who cares as long as I have the power!!!!! LOL
Unintended Consequences of Four Government Policies [View article]
The Idea of mark to market is actually good in some ways and accounting on a cost basis has many advantages. My thought is do both and average. A small downturn will not mushroom into a great problem as quickly as that which just conciders the market price but still gives some asset value if temporary inflation becomes a problem. Things are the way they are for a reason. Change usually causes other problems. Before making changes one has to really concider why things are the way they are. And what could happen as the result of that particular change. For millinea people have acted from various beliefs without concidering the consequences adequately. Some actions have improved the world. Others have appeared to improve things but instead led to disasters. I fear the current decisions may cause results no sane person wants. We will see! My idea for stimulus: Goal: more folk working, help industries survive, and help keep standard of living within acceptable range. Problem: those with money are not spending! Too many people have too little discretionary monies, and the poor have few choices to improve their lives! My stimlus will not solve any of these problems but it will help. The key is to get some monies out of the hands of those who have it and into the hands of those who need it. I believe You need healthy companys to increase jobs. To make companies healthy one needs incentives. My thought: Why don't we encourage companies to hire and keep employees with a tax incentive like take fed unemployment rate subtract 5% then multiply by hours employees work and multiply that by .10 and allow that result to be a cost deduction on any companies taxes but be counted toward that companies reported income. Many advantages are available under that situation including incentive to keep and hire workers. stronger business balance sheets and allow the strongest earning companies to hire more workers for tax advantages. I would make that permanent though. If government choises to tamper with it. You could guess what would happen to it
JPMorgan Chase: How Much Capital Does a Bank Need? [View article]
The New Bull Market Fallacy [View article]
Shedding Some Light on the Department of Justice's CDS 'Markit' Investigation [View article]
PPIP: Already Obsolete [View article]
The Common Refrain, To Our Detriment [View article]
Kovacevich, Lewis and Geithner Speak Out on the Banking Industry [View article]
Unintended Consequences of Four Government Policies [View article]