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 : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (465574)	3/22/2009 11:55:42 AM
From: longnshort	Respond to of 1573849

Former Commerce Secretary Nominee: Obama Budget Will Bankrupt the U.S. breitbart.tv

To: Road Walker who wrote (465574)	3/22/2009 12:57:41 PM
From: i-node	Read Replies (1) \| Respond to of 1573849

>> Make the banks balance sheets healthy; if that doesn't happen all is lost. Why do you believe this? Why not allow them to avail themselves of the Chapter 11 process that has been used by thousands of broke businesses for years? Isn't it just the wealthy 5% who have money in banks anyway? What harm, exactly, is there in allowing banks that have been mismanaged to fail?

To: Road Walker who wrote (465574)	3/22/2009 5:05:05 PM
From: bentway	Read Replies (2) \| Respond to of 1573849

"There are no good choices. People can and will second guess all day long but it doesn't help." Americans aren't going to be happy living in their new, reduced means. It's time for some REAL "Class Warfare" when executives at all American corporations make 400 times what the lowest paid worker makes or more. We're mad as hell, and we aren't going to TAKE it anymore. It's way past time to burn the houses on the hill to the ground.

To: Road Walker who wrote (465574)	3/22/2009 6:49:13 PM
From: combjelly	Read Replies (2) \| Respond to of 1573849

"This is a middle ground between nationalization (throwing in the towel with all the political and economic ramifications) and doing nothing (and accepting a long deep recession or more probably a depression)." Pretty much. It is, in fact, the most conservative option that tries to avoid a long, deep recession as its most optimistic scenario. However, I don't give it much chance of success. I hope it does, because we retain most of the system we are used to.

To: Road Walker who wrote (465574)	3/23/2009 9:24:27 AM
From: Alighieri	Read Replies (2) \| Respond to of 1573849

Who knows? There are no good choices. People can and will second guess all day long but it doesn't help. "My bad choice" is better than "your bad choice" is a dead end debate... nobody knows which "bad choice" will work out the best. Thanks. "failure" then seems to come from assets that continue to decline...if they stay flat it's ok, if they start to increase in value then the profit engine begins to work again. In most geographies real estate has reached book value, and many areas never experienced the declines seen in hot markets like florida and california. With interest rates as low as they are and so much money sitting on the sidelines? I don't know...we may just see things begin to stabilize and even reverse? It feels like krugman is being too negative...sometimes I think he feels left out. Al