Daniel Jones

Should the Fed Lend to Investment Banks?

I for one have an opinion that the TSLF was a tremendous opening of a spigot to reliquidate the entire balance sheet of the I-Bank industry to the tune of $300 billion. Footing the bill, the US Taxpayer. Enjoy your economic stimulus checks of $1,200 or whatever - Wall Street got one for $3 bills courtesy of HP at the Treasury.

Enron, Subprime and the Derivative Disease

"...somehow aggregating large bank conduit risk into a single subprime burrito will somehow draw foreign and domestic investors back to the structured asset trough..."

That is writing, Sir! Very nice job. You have articulated this laughable plan perfectly. They should print your article in the WSJ.

Keep up the great writing! I will cite your article and authorship on my blog today as one of the best reviews and opinion pieces I've read on this subject.

Daniel Jones
e-bluewater.com