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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Eggolas Moria who wrote (110687)	1/21/2008 9:01:32 PM
From: Freedom Fighter	Read Replies (3) \| Respond to of 132070

I think the way things are being handled so far is the best I've seen a crisis handled since I've had any understanding of these kinds of things at all. Imagine if Clinton was president, Rubin was treasury secretary, and Greenspan was head of the Fed. The Fed would have already done at least one other surprise interest rate cut just before an options expiration day in a effort to transfer wealth from those who were intellectually correct to Wall St scumbags., rates would already be at least 1% lower and the printing presses would be smoking, Rubin would be running around the globe arranging bailouts for every idiot and scumbag on earth, and the IMF would be getting funded to the max so it could start handing out some money too. I have no understanding at all of the extent of the problem. But the way to fix it is to allow the weakest small hands to be liquidated, the moderately sized weak hands to be driven into larger stronger hands, and the large weak hands to absorb massive losses and get recapitalized by private money (regardless of whether it comes from overseas or people like Buffett etc..) The shareholders and managements must all pay a massive price for this kind of fiasco so that people think twice before engaging in risky behavior.