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

To: GST who wrote (19193)	3/27/2009 12:35:15 PM
From: axial	Respond to of 71479

No problem... You're talking about the way it should be. I'm talking about the way it is. Never the twain shall meet. -g- Jim

To: GST who wrote (19193)	3/27/2009 12:58:22 PM
From: Tommaso	1 Recommendation Read Replies (3) \| Respond to of 71479

I am afraid that guy needs a new battery for his brain; the one he has doesn't hold a charge. I just found a really good site that invites well-informed contributors. Here's something the Galbraith (son, of course) is saying: Geithner’s banking plan would prolong the state of denial. It involves government guarantees of the bad assets, keeping current management in place and attempting to attract new private capital. (Conversion of preferred shares to equity, which may happen with Citigroup, conveys no powers that the government, as regulator, does not already have.) The idea is that one can fix the banks from the top down, by reestablishing markets for their bad securities. If the idea seems familiar, it is: Henry Paulson also pressed for this, to the point of winning congressional approval. But then he abandoned the idea. Why? He learned it could not work. economy.nationaljournal.com