Absolutely brilliant common sense. Bravo, and thank you. I particularly liked this gem: "Come to think of it, President Obama should think about banning lobbying by any company participating in the TARP."
Starting over, resetting the broken financial system, is exactly what we need. I could not agree more, but few people are willing to face what that fully means.
Contemplating the Demise of Bank of America, Citi and JPMorgan [View article]
Netflush, wake up. Your common stocks are worthless, these banks are insolvent. "Seizure of equity position without compensation" only makes sense when you have an equity position.
This isn't some Third World socialist dictator arbitrarily nationalizing an industry out of ideology. They are being nationalized because their fall threatens the fabric of our economy.
How Do You Recapitalize $1.8 Trillion in Bank Loan Losses? [View article]
So, now that we know the world's banking system is totally broken and insolvent, why not just hit the reset button: cancel all the debt and start fresh.
Is Citigroup's Collapse a Sign of the Banking Times? [View article]
Great points, Mr. Mason. Your analysis suggests that stimulus packages are throwing good money after bad. Perhaps the government would be better advised to shore up the social safety net, and let the bad wood fall.
U.S. Debt Watch: Paths to Repudiation [View article]
Big Banks vs. America [View article]
Starting over, resetting the broken financial system, is exactly what we need. I could not agree more, but few people are willing to face what that fully means.
Contemplating the Demise of Bank of America, Citi and JPMorgan [View article]
This isn't some Third World socialist dictator arbitrarily nationalizing an industry out of ideology. They are being nationalized because their fall threatens the fabric of our economy.
Contemplating the Demise of Bank of America, Citi and JPMorgan [View article]
How Do You Recapitalize $1.8 Trillion in Bank Loan Losses? [View article]
Is Citigroup's Collapse a Sign of the Banking Times? [View article]