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Originally posted by NeverSurrender
There WON'T be an economic Bailout. If he really was gonna bail us out, he would've done it a LONG time ago.
Originally posted by NeverSurrender
An economic Bailout?
HAHAHAHHA
Bush said the War would boost the economy. There WON'T be an economic Bailout. If he really was gonna bail us out, he would've done it a LONG time ago.
Bush WANTS the economy to collapse.
Originally posted by carewemust
reply to post by Wolf321
WOLF321, the Original Poster to this thread, asks a VERY good question
that 99% (or more) Americans couldn't answer, including yours truly.
What, if any, long-term negative impact would affect your average
family if we just let these companies file for bankruptcy, regorganize
and start anew, if they wish? It's happened several times to large
corporations (like United Airlines) in recent times.
-cwm
The solution is simple, it is elegant, and it will work.
Force all off-balance sheet "assets" back onto the balance sheet, and force the valuation models and identification of individual assets out of Level 3 and into 10Qs and 10Ks. Do it now.
Force all OTC derivatives onto a regulated exchange similar to that used by listed options in the equity markets. This permanently defuses the derivatives time bomb. Give market participants 90 days; any that are not listed in 90 days are declared void; let the participants sue each other if they can't prove capital adequacy.
Force leverage by all institutions to no more than 12:1. The SEC intentionally dropped broker/dealer leverage limits in 2004; prior to that date 12:1 was the limit. Every firm that has failed had double or more the leverage of that former 12:1 limit. Enact this with a six month time limit and require 1/6th of the excess taken down monthly.