Hawaiiborn2's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/315578/comments http://seekingalpha.com/article/144596/comments?source=feed#comment-557463 557463 Mon, 22 Jun 2009 11:44:42 -0400 http://seekingalpha.com/article/124930/comments?source=feed#comment-419312 419312

On Mar 09 12:13 PM mr freddo wrote:

>
> You write about the heart of the problem - derivatives. I agree that
> any instrument that is so complex as to be incomprehensible to all
> but a few must be banned. The CDS market must be simplified, regulated,
> and speculative bets that drove this market into the trillions, must
> be done away with.
>
> Too big to fail now refers to all of the top 20 banks and insurance
> companies thanks to the interconnecting web of counter party risk.
>
>
> We are drifting toward a Japanese style crisis management structure
> where we prop up all of the zombie banks so that counter parties
> continue to meet their obligations with government support. But that
> will ultimately cost $10s of trillions of dollars and we will lose
> a decade or more of growth.
>
> It would be better to let the next domino fall and then step out
> of the way as the entire system crashes. Then the government could
> step in and create new banks with clean balance sheets and fresh
> capital. That is what we need to get our economy moving again.]]> Mon, 09 Mar 2009 12:36:42 -0400

On Mar 09 12:13 PM mr freddo wrote:

>
> You write about the heart of the problem - derivatives. I agree that
> any instrument that is so complex as to be incomprehensible to all
> but a few must be banned. The CDS market must be simplified, regulated,
> and speculative bets that drove this market into the trillions, must
> be done away with.
>
> Too big to fail now refers to all of the top 20 banks and insurance
> companies thanks to the interconnecting web of counter party risk.
>
>
> We are drifting toward a Japanese style crisis management structure
> where we prop up all of the zombie banks so that counter parties
> continue to meet their obligations with government support. But that
> will ultimately cost $10s of trillions of dollars and we will lose
> a decade or more of growth.
>
> It would be better to let the next domino fall and then step out
> of the way as the entire system crashes. Then the government could
> step in and create new banks with clean balance sheets and fresh
> capital. That is what we need to get our economy moving again.]]> http://seekingalpha.com/article/122563/comments?source=feed#comment-403179 403179 Wed, 25 Feb 2009 12:22:27 -0500 http://seekingalpha.com/article/109607/comments?source=feed#comment-324212 324212 Mon, 08 Dec 2008 19:07:08 -0500