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    ...and not just global economy, but a global economy where sovreign wealth funds and state controlled banks and mysterious, opaque…
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  • No doubt.  My question, however, is how a financial institution that isn't "too big to fail" competes in a global…
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  • I'm not sure how you go about "deconsolidating the banking industry" in a global financial environment.  That's not to say…
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  • Another part of the problem here that seems to me is getting too little attention is that the financial markets…
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  • You simply cannot raise or even stabilize at present levels, housing prices that are beyond the ability of the median…
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  • There's no rescue here.  At best it's a finger in the dike.  It isn't going to loosen credit.  It might…
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  • The "whys" are too numerous to calculate without the aid of more computing power than I have.
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  • Who the Hell is advising McCain?  Or maybe he's just too mavericky for any advisers to have any influence.  In…
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  • Geez Steven. Why do you do this?  Like I'm not depressed enough already?
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  • I dunno either.  Maybe you can't fix this mess without taking on the Pentagon and the MI complex.  That might…
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  • You miss the point.  I'm talking about the programs he identified as immediately necessary.  How does he pay for them?…
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  • It's still AAA but I read a couple of stories recently that McDonald's bonds were considered safer than US treasuries.
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  • The US won't default but...when pushed to the wall they'll crank up the printing presses and monetize the debt.
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  • The subjective "fear problem" problem is based on the objective "debt problem."  These banks are deleveraging. They're sucking up every…
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  • I'm not quite that cynical, but I still don't understand how this is supposed to work.   The government will…
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  • Looks like a great speech.  I notice that toward the end he talked about sacrifice, but I saw nothing sacrificial…
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  • The political problem for Democrats is to explain to the public that a huge "bailout" or "rescue" or whatever you…
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  • Grading on the curve, are you?
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  • The trigger for this "event" was the collapse of the commercial paper market.  That's where the immediate problem is.  How…
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  • So he gets a gentleman "C" just for turning it in on time?
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