TARP has lost 40% since inception

[Arraya]

Breeze, I agree accept I think Bernake knows what he is doing. He is finishing what Greenspan started. The gutting of America and subsequent collapse of the dollar caused by a final pump and dump scheme a la the “housing bubble”..

It’s all theater folks. Politicians are sycophantic patsies promised riches. The world is preparing to launch new currencies and dollars days are numbered.

from Mish’s blog:

This could be the end of the USD. Bernanke is not doing what he is doing without knowledge of world opinion. This has been in the works for some time, and the Fed is all about getting as much wealth in the banker barons hands as possible, before the USD crashes. He is obviously not looking out for the interests of the US citizen. I wonder where Paulson is now keeping his hundreds of millions. Read the following, because here it comes:

LUXEMBOURG (Reuters) – A U.N. panel will next week recommend that the world ditch the dollar as its reserve currency in favor of a shared basket of currencies, a member of the panel said on Wednesday, adding to pressure on the dollar.

Currency specialist Avinash Persaud, a member of the panel of experts, told a Reuters Funds Summit in Luxembourg that the proposal was to create something like the old Ecu, or European currency unit, that was a hard-traded, weighted basket.

“It is a good moment to move to a shared reserve currency,” he said.

http://www.reuters.com/article/newsOne/idUSTRE52H2CY20090318

[DWCAP]

So I have this really long post about “what I would do….” but it is kinda rambeling and I am not sure it is addressing what Dave is talking about.

So before I post something that has nothing to do with anything and confuses everyone, what are we asking for here? Better ideas on how to solve the current crisis for the next 6 months, or better ideas on how to solve the crisis for the next 60?

[DWCAP]

So I have this really long post about “what I would do….” but it is kinda rambeling and I am not sure it is addressing what Dave is talking about.

So before I post something that has nothing to do with anything and confuses everyone, what are we asking for here? Better ideas on how to solve the current crisis for the next 6 months, or better ideas on how to solve the crisis for the next 60?

[DWCAP]

So I have this really long post about “what I would do….” but it is kinda rambeling and I am not sure it is addressing what Dave is talking about.

So before I post something that has nothing to do with anything and confuses everyone, what are we asking for here? Better ideas on how to solve the current crisis for the next 6 months, or better ideas on how to solve the crisis for the next 60?

[DWCAP]

So I have this really long post about “what I would do….” but it is kinda rambeling and I am not sure it is addressing what Dave is talking about.

So before I post something that has nothing to do with anything and confuses everyone, what are we asking for here? Better ideas on how to solve the current crisis for the next 6 months, or better ideas on how to solve the crisis for the next 60?

[DWCAP]

So I have this really long post about “what I would do….” but it is kinda rambeling and I am not sure it is addressing what Dave is talking about.

So before I post something that has nothing to do with anything and confuses everyone, what are we asking for here? Better ideas on how to solve the current crisis for the next 6 months, or better ideas on how to solve the crisis for the next 60?

[BGinRB]

Action bias is hard to overcome.
So is lack of copy/paste on an iphone.

[BGinRB]

Action bias is hard to overcome.
So is lack of copy/paste on an iphone.

[BGinRB]

Action bias is hard to overcome.
So is lack of copy/paste on an iphone.

[BGinRB]

Action bias is hard to overcome.
So is lack of copy/paste on an iphone.

[BGinRB]

Action bias is hard to overcome.
So is lack of copy/paste on an iphone.

[CA renter]

Allan wrote:

The market hasn’t made any determination as to the value of the assets in question and that’s the crux of the problem: Institutions aren’t lending because they don’t know who is holding what assets, bad or good. Thus, the credit market froze.
———————-

But much of this paper **has** traded, and there is a market price, even though it’s far below book value.

There are banks that did not participate in fraudulent or risky loans, and have fairly healthy balance sheets, relatively-speaking. Instead of having the govt support the a$$holes who got us into this mess, why not nationalize them, sell of what we can, and work with the institutions that tried to do the right thing? They are being punished via unfair competition from govt-funded/backed banks.

How is buying worthless paper NOT a misallocation of resources? Exactly what would happen if we let the big boys fail? If we simply need to keep credit flowing, we can do that through the healthier banks that took fewer risks.

Personally, I think this story has much more to do with political and financial connections than it does with what’s good for the nation.

[CA renter]

Allan wrote:

The market hasn’t made any determination as to the value of the assets in question and that’s the crux of the problem: Institutions aren’t lending because they don’t know who is holding what assets, bad or good. Thus, the credit market froze.
———————-

But much of this paper **has** traded, and there is a market price, even though it’s far below book value.

There are banks that did not participate in fraudulent or risky loans, and have fairly healthy balance sheets, relatively-speaking. Instead of having the govt support the a$$holes who got us into this mess, why not nationalize them, sell of what we can, and work with the institutions that tried to do the right thing? They are being punished via unfair competition from govt-funded/backed banks.

How is buying worthless paper NOT a misallocation of resources? Exactly what would happen if we let the big boys fail? If we simply need to keep credit flowing, we can do that through the healthier banks that took fewer risks.

Personally, I think this story has much more to do with political and financial connections than it does with what’s good for the nation.

[CA renter]

Allan wrote:

The market hasn’t made any determination as to the value of the assets in question and that’s the crux of the problem: Institutions aren’t lending because they don’t know who is holding what assets, bad or good. Thus, the credit market froze.
———————-

But much of this paper **has** traded, and there is a market price, even though it’s far below book value.

There are banks that did not participate in fraudulent or risky loans, and have fairly healthy balance sheets, relatively-speaking. Instead of having the govt support the a$$holes who got us into this mess, why not nationalize them, sell of what we can, and work with the institutions that tried to do the right thing? They are being punished via unfair competition from govt-funded/backed banks.

How is buying worthless paper NOT a misallocation of resources? Exactly what would happen if we let the big boys fail? If we simply need to keep credit flowing, we can do that through the healthier banks that took fewer risks.

Personally, I think this story has much more to do with political and financial connections than it does with what’s good for the nation.

[CA renter]

Allan wrote:

The market hasn’t made any determination as to the value of the assets in question and that’s the crux of the problem: Institutions aren’t lending because they don’t know who is holding what assets, bad or good. Thus, the credit market froze.
———————-

But much of this paper **has** traded, and there is a market price, even though it’s far below book value.

There are banks that did not participate in fraudulent or risky loans, and have fairly healthy balance sheets, relatively-speaking. Instead of having the govt support the a$$holes who got us into this mess, why not nationalize them, sell of what we can, and work with the institutions that tried to do the right thing? They are being punished via unfair competition from govt-funded/backed banks.

How is buying worthless paper NOT a misallocation of resources? Exactly what would happen if we let the big boys fail? If we simply need to keep credit flowing, we can do that through the healthier banks that took fewer risks.

Personally, I think this story has much more to do with political and financial connections than it does with what’s good for the nation.

[Author]

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