KIT

Did We Nationalize Banks, Or Did They Nationalize Us?

The whole group should have been Nationalized. The taxpayer once asked to fix the mess would now be benefiting from the profit. Once the bailout was recovered and new rules put in place the taxpayer could sell the working company to the private sector. This would elliminate the moral hazard of no down side for doing wrong.

Unsustainability, High Beta, and Liquidity Risk Pervade Capital Markets

At about 6500 DJA Insurance companies have to convert to cash to cover policies ( law ) the govt is not required to bail them out so they will have to sell their holdings. No suprise plunge prevention kicked in just as we hit this level in March.


On Jul 14 06:08 PM TheFounder wrote:

> Excellend analysis and clear thinking. Almost all arrows pointing
> in the same direction. I am not convinced that this rally is over
> and we are heading down to re test the March lows.