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

To: Elroy Jetson who wrote (104916)	9/10/2009 10:12:06 PM
From: Skeeter Bug	2 Recommendations Respond to of 110194

>>Since the FDIC and taxpayer are on the hook for bank losses, you have to decide whether it will be cheaper to have the FDIC take-over a bank and pay-off on the insurance, or play "let's pretend the bank is still solvent". Paulson's game of let's have the taxpayer fund the bonuses of bankers who have destroyed their bank and bail-out their shareholders was indeed over the top. But apart from those examples of loot the taxpayer, the question still remains which is the cheapest way to address the continuing years of losses ahead for the banks.<< no, the questions were how can we ramp the economy to the explosion point so the bankers could reap god awful profits and then how could we cover the banker's losses 100 cents on the dollar. we are experiencing the answer. was AIG tax payer backed? was goldman tax payer back? how about all those euro banks that got paid $10s of billions? bailing out LTCM might have been the expedient thing to do, but it ingrained in the minds of billion dollar gamblers that the government would bail them out... how did that work out? where is finance reform? nowhere, b/c the bankers paid off the politicians not to touch their casino. this isn't about protecting americans. it is about enriching the oligarchs that funnel billions to congress and the president. the problem was the bubble leading up to this mess. there is no solution now. some problems can't be solved and the bankrupting of america is one of those problems. enjoy the ride.