[e-mail]

Short Ban: Government Policy Created Too Hastily

I think unlike the RTC from former years which had hedge funds and private capital ready buy - the financial contagion is simply too widespread - everyone appears impacted -foreign countries, insurance, hedge funds, home builders and most importanly a very significant amount of homes.

From a public policy point of view - there is a point to which a "haircut" can be administered without significant collateral damage and it is here that there are simply limits. Most people are not independantly wealthy investors that can afford to sit back and wait for the repricing. A telling point to this - at this point -is we seem to have a lack of foreign interest (they are impacted as well).

One thing no one talks about is how the US, like other nations that suffered these crisises, is going to have to make themselves competitive again with govern cuts in employment, services and taxes. We are too big to fail and we have imposed this on other countries (IMF bailouts with strict conditions attached) inflicting great discipline. However this seems unlikely due to the growing leftist tilt in this country.

Why don't I just hear everyone should be patriotic and demand LESS from the government and services - something like a John Kennedy plan - massive tax cuts.
Some politicians love to confuse people.