wildfirexx

William Bernstein: Don't Panic and Sell into a Crash

what hope?

Fisher on the Coming Bull: 'Swift and Steep'

B.S.

Stimulus Bill Signed; Now, Will It Work?

The current global economy is in a tailspin out of control much like the great depression started...people are scared....the stimulus package is at least an attempt by the federal government to help stabilize the economy, before it crashes. The goverment should also be encouraging the masses that are still comfortably employed to go out and spend a little more to help resue the economy from disaster.

Every Consensus Must End

In the beginning they were right to bailout the banks to at least stabilize the financial sector. To do otherwise may have been devastating.
However, once these monoliths are on their feet once again and the economy's recovered, the government should take steps to strictly regulate their unethical business practices. In order to accomplish this the treasury depatment must take over and control the federal reserve, much like the (Bank of Canada) is controlled in Canada, which is a crown corporation owned by the federal government. In the meantime these faulty banks should be forced to explain to their new citizen shareholders how these tarp funds were spent.

What Are Banks Supposed to Do? A Little Clarity Could Go a Long Way

I agree it's a better choice for the stronger banks to rescue the failing banks from bankruptcy, thereby avoiding a bigger dent in the deposit insurance funds.
However, aren't there a number of healthier local and international financial institutions or likewise, willing to take on these weaker banks without using any taxpayers money in the form of bailouts. I also heard, there are new smaller banks being created all the time looking to take on new customers.