Silicon Investor (SI) -- The First Internet Community

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

To: Knighty Tin who wrote (117671)	2/3/2009 2:42:11 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

Knighty, could they make it illegal to make money trading gold in any fashion, too? also, is there a way to get exposure to other currencies in case the dollar nose dives towards zero? i'm starting to think we may end up with the north american version of the euro after the dollar becomes worthless.

To: Knighty Tin who wrote (117671)	2/9/2009 4:08:18 AM
From: GuinnessGuy	Read Replies (1) \| Respond to of 132070

Hi Mike, Just read this article...which seems to make some sense regarding the current financial/economic mess. Was wondering if you think the logic and wisdom is there in this proposal. Here is the concluding paragraph(the link to the whole article follows): "By focusing scarce fiscal resources on supporting flows of new lending and new funding to support new lending, rather than on supporting stocks of existing bad assets and/or toxic assets assets and on guaranteeing or insuring stocks of existing liabilities, the state meets its three key objectives. First, its short-run economic stabilisation and crisis-fighting objective; second, its medium and long-term banking sector incentive-enhancing, moral-hazard-minimising objective; and third, its fairness objectives: the polluter pays or, you break it, you own it. "Establishing legal and institutional clear water between the legacy bad banks and the new good banks is a necessary condition for fulfilling the economic imperative to support flows of new lending and borrowing rather than to protect existing stocks of toxic assets and their owners." blogs.ft.com craig