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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: zamboz who wrote (101559)	2/22/2009 1:14:28 PM
From: patron_anejo_por_favor	3 Recommendations Read Replies (1) \| Respond to of 110194

>> If these derivatives are going to sink the entire economy, why shouldn't the government step in and supervise their resolution?<< They should. That's what the stress test's will hopefully tell us. Who lives and who dies. The question is, will government have the huevos to swiftly act once that information is received....and was the stress test designed properly? The sooner C and BAC are put in receivership and current management expelled, the better as far as I'm concerned.

To: zamboz who wrote (101559)	2/23/2009 12:42:08 AM
From: Skeeter Bug	4 Recommendations Read Replies (1) \| Respond to of 110194

Rick, i'm all for letting them resolve without an a single US dollar propping up the casino zombie banks. i'd spend money to temporarily capitalize the banks that did it right to bridge between now and a time when the good banks could take on more business. of course, the stupid loans of the past would stop and we'd suffer the well deserved drunken bubble hangover, but we'd normalize again and the gamblers would be bloodied badly. the problem is that the gamblers represent the oligarchy (those who buy the politicians with their excess wealth) and the decision makers are bought and paid to take care of the zombie banks - even if that means bankrupting america.