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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: zamboz who wrote (17878)	2/23/2009 7:40:02 AM
From: Real Man	1 Recommendation Read Replies (1) \| Respond to of 71462

RIP Citi. Nationalization of weak derivative players is coming? The problem is that someone will have to oversee the unwinding of derivatives, and who the Hell understands them enough to do that? Not the government. They blew 300 bln. or so on AIG already. I am willing to look both ways at this (black AND white), but so far it seems to me that all the government guarantee efforts compound the problem, by shifting it onto the sovereign debt. That said, Volcker seems to be the only one talking about it in the open and suggesting real solutions. Nationalization of weak players also leads to moral hazard, a ton. I would rather see the government working on containing the impact of financial implosion on the broader economy. Let them fail! And the industry will self-regulate.