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Hendershott

Hendershott
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  • Should Sovereign Nations Pursue the Iceland Solution or the Irish Solution? [View article]
    The US is part way there, a lot of the loans are getting worked off through foreclosures where the rubber meets the road and the creditor get his haircut. we need to let the Fannie and Freddie creditors get there haircuts, ala the FRE and FNM preferred stocks. The last piece of the puzzle is to unhook the Yuan from the USD. To make this work, the sovereign entity has to have it's own currency. Ireland, frozen in the Euro and the EU banking system, is pretty much doomed.
    Dec 9 07:46 PM | 1 Like Like |Link to Comment
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