The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (186268)	2/24/2009 2:15:52 PM
From: CalculatedRisk	Read Replies (3) of 306849

Yes, support zombie banks (like the Japanese). Privatize the profits, socialize the losses ... that really makes sense to me! BTW, I don't know if we need to nationalize the banks (before we reprivatize them), but if they are seriously insolvent, Bernanke's solution is the worst approach. If they are not seriously insolvent - I agree with him. But how does he know until the stress tests are complete?

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