Comments (3)
Banks
3
Sunday, 21 June 2009 11:57
Duane Mazeska
We have to get the housing market stabalized and exhibing some increase in value. If it doesn't accomplish that the banks will continue to lose on their mortgage securities.
How the Fed Contributes to Crises
2
Saturday, 20 June 2009 10:15
Reginald Thatcher "Original Reginald"
In my opinion, some truth about the conspirators is finally slowly emerging. The main legislative culprits are Senator Dodd and Barney Frank and the scheme is the Wall Street derivative formula called the Black-Scholes. (Reminds me of Black Hole). The formula says that although the present value of these "investment" loans are of zero or negative value, the future value will be worth the wait. The losses will magically vanish. Of course the banks are broke as a result of this and stimulus funds are like giving heroin addicts free heroin now and expecting this will cure the problem. They will be back later this year for more stimulus. The only solution is to allow failures to fail.
Opinions
1
Friday, 19 June 2009 18:08
St louis Bob
Wonder what these guys would have done in the situation, which nobody on earth has experienced, and in the face of overwhelming evidence that all that could save the system was massive money supplied to banks, and spending by government to replace consumer spending until confidence returns. Bad mouthing the other guy, after the fact, with 20/20 hindsite, and not yet knowing the outcome is a cheap shot.
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