posted on Oct, 9 2008 @ 08:31 PM
reply to post by Relentless
Yes I agree, but how will that help avoid further slide/crash?
Do you think that speculation about the amount of 'trash' in the credit system is clogging it up more that is justified by reality? That this is a
'crisis of confidence' beyond
I think it would be a good exercise to draft a 'reform demand' in the form of a hypothetical 'Executive Order' -- with formal language, and nods
to where legislative action would be necessary. The kind of thing we would hope a 'real President' would issue. That would help, but would be
quite a challenge!
After all, what is
'greater transparency', in specifics? How is reporting done? To what standards? Get rid of mark-to-market? Okay -- who
verifies it? How often is disclosure required? Always, with every transaction? What's a 'covered transaction' under new transparency
Edit to add: PS: Hugs to all.
[edit on 9-10-2008 by Ian McLean]