Soros using the “D” Word, profited from fall in the pound….proposes a “Good bank” instead of “Bad bank”

[CA renter]

I agree with him regarding a “good bank” but would go even further. Let the government take over the Federal Reserve, and lend directly to businesses and consumers. Let the existing banks deal with the consequences they brought on themselves.

There’s no reason to force taxpayers to shoulder the burden of Wall Street’s greed. Protect the depositors that fall under FDIC and SIPC protection, and let the banks who gambled fail.

[bsrsharma]

had Soros been around then to short the dollar

How exactly would he have done it? I can only think of him borrowing in USD and converting it to some other currency or Gold hoping USD will fall. In those times when credit was tight, who would have loaned him a lot of money? Based on what collateral? there were no derivatives, CDS, leverages to play around with. I don’t think he could have done much, good or bad.

[bsrsharma]

had Soros been around then to short the dollar

How exactly would he have done it? I can only think of him borrowing in USD and converting it to some other currency or Gold hoping USD will fall. In those times when credit was tight, who would have loaned him a lot of money? Based on what collateral? there were no derivatives, CDS, leverages to play around with. I don’t think he could have done much, good or bad.

[bsrsharma]

had Soros been around then to short the dollar

How exactly would he have done it? I can only think of him borrowing in USD and converting it to some other currency or Gold hoping USD will fall. In those times when credit was tight, who would have loaned him a lot of money? Based on what collateral? there were no derivatives, CDS, leverages to play around with. I don’t think he could have done much, good or bad.

[bsrsharma]

had Soros been around then to short the dollar

How exactly would he have done it? I can only think of him borrowing in USD and converting it to some other currency or Gold hoping USD will fall. In those times when credit was tight, who would have loaned him a lot of money? Based on what collateral? there were no derivatives, CDS, leverages to play around with. I don’t think he could have done much, good or bad.

[bsrsharma]

had Soros been around then to short the dollar

How exactly would he have done it? I can only think of him borrowing in USD and converting it to some other currency or Gold hoping USD will fall. In those times when credit was tight, who would have loaned him a lot of money? Based on what collateral? there were no derivatives, CDS, leverages to play around with. I don’t think he could have done much, good or bad.

[CostaMesa]

Jonny please. Clearly no understanding whatsoever of the concept of ‘positive feedback loop’.

[CostaMesa]

Jonny please. Clearly no understanding whatsoever of the concept of ‘positive feedback loop’.

[CostaMesa]

Jonny please. Clearly no understanding whatsoever of the concept of ‘positive feedback loop’.

[CostaMesa]

Jonny please. Clearly no understanding whatsoever of the concept of ‘positive feedback loop’.

[CostaMesa]

Jonny please. Clearly no understanding whatsoever of the concept of ‘positive feedback loop’.

[cr]

[quote=jonnycsd]Short sellers don’t create problems, they just expose mispricing and help it correct more quickly. Shorts contribute to market efficiency. If they don’t then they quickly loose thier capital and are out of business.

As for the bad bank idea, here is a pretty simple explanation. The idea has been around for a very long time.

http://www.businessweek.com/magazine/content/09_06/b4118000045375.htm

Good luck.[/quote]

I agree to a point, but read Michael Lewis’s The End.

[cr]

[quote=jonnycsd]Short sellers don’t create problems, they just expose mispricing and help it correct more quickly. Shorts contribute to market efficiency. If they don’t then they quickly loose thier capital and are out of business.

As for the bad bank idea, here is a pretty simple explanation. The idea has been around for a very long time.

http://www.businessweek.com/magazine/content/09_06/b4118000045375.htm

Good luck.[/quote]

I agree to a point, but read Michael Lewis’s The End.

[cr]

[quote=jonnycsd]Short sellers don’t create problems, they just expose mispricing and help it correct more quickly. Shorts contribute to market efficiency. If they don’t then they quickly loose thier capital and are out of business.

As for the bad bank idea, here is a pretty simple explanation. The idea has been around for a very long time.

http://www.businessweek.com/magazine/content/09_06/b4118000045375.htm

Good luck.[/quote]

I agree to a point, but read Michael Lewis’s The End.

[cr]

[quote=jonnycsd]Short sellers don’t create problems, they just expose mispricing and help it correct more quickly. Shorts contribute to market efficiency. If they don’t then they quickly loose thier capital and are out of business.

As for the bad bank idea, here is a pretty simple explanation. The idea has been around for a very long time.

http://www.businessweek.com/magazine/content/09_06/b4118000045375.htm

Good luck.[/quote]

I agree to a point, but read Michael Lewis’s The End.

[Author]

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