Politics of Energy Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics of Energy

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Road Walker who wrote (5750)	3/6/2009 9:44:19 PM
From: Hawkmoon	Read Replies (3) of 86350

He's trying to save this country from the abyss. Give him a break. Support him. Who's side are you on? The people's side. And I don't see that being the case with this administration's choices, thus far. Listen.. We have some serious problems that were caused by RASH and STUPID acts during the Bush administration. Let me list a few that this administration COULD IMMEDIATELY RESOLVE if they had the BALLS and intelligence. 1.) Rescind Mark to Market accounting for REAL property, or financial instruments based upon them (mortgages, CDOs, RMBS). FASB 157 is what IGNITED this death spiral in asset prices. It's STUPID to force people to account for real property in an illiquid market when they plan on holding it long term and continue to pay their mortgage. 2.) Re-instate the uptick rule in order to force the shorts to be more cautious about their bear raid activities. Furthermore, investigate the SUBSTANTIAL EVIDENCE of Naked short selling via both direct shorting (how many people are actually on margin right now? Margined stock is the only stock that is supposed to be shortable). Also, investigate the abuse of synthetic shorting via stock future contracts and options. 3.) Provide TARP funds to the financial surety sector such as the monolines since they were the victims of a fraud perpetrated by the Investment Banks and Rating Agencies. You can throw all the $$$$ in the world at the banks, but if no one can afford to insure their financial transactions, there will be NO LENDING. The insurance industry has been crushed. 4.) Take IMMEDIATE ACTION to backstop the unregulated CDS markets and bring them under international control of either the World Bank or IMF. They have been abused (as we see with AIG) beyond any justifiable manner and the taxpayers are being stuck with the bill. George Soros will back me on this (and I'm no fan of his politics). CDS contracts are being purchased and there ARE NO CREDIBLE COUNTER-PARTIES to take the other side of the trade. Furthermore, the exchanges that are all vying to be the ones that are chosen to regulate those markets are going to have a hard time providing liquidity when their loss potential is far greater than those people buying CDS contracts. 5.) Implement a 20K tax credit per employee to EVERY private business that INCREASES their employee rosters for 2 years (and closely monitor for any hire/fire/rehire tricks that might be played to qualify). 6.) Implement a 20K new home owner tax credit (implemented over 3 years) to provide some support to the home sale industry and stop this foreclosure nightmare. 7.) Spread out that infrastructure spending.. There's no reason we need an $8 Billion high speed Mag-Lev between Disneyland and Las Vegas. That's a Harry Reid pork barrel project and it's not far to the rest of the national tax payer base. 8.) Send our people backed into outer space and re-instill the wonder of exploration and discovery that drove this country during the 60's and 70's. All of the above could be implemented TOMORROW.. Then of course, we need sensible energy security programs (fossil and alternative) that provide energy in a manner that increases economic productivity. I've discussed that at lengthe already. Hawk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next