Querty007, I agree– it looks more like “trying to fly through the storm on a lie and a prayer” hoping to not utterly crash the economy.
It seems to me what we need is a one-time “special” legislation that allows the banks to mark all the assets on their books to market, then take the differenct and “evaporate” it w/o having to show it as a loss on their books… thus staying “solvent”. Pure chicanery, I know, but the alternative looks like a bomb crater where the economy used to be.
This marking-to-market might have the salutary side effect of resulting in houses being valuated at prices that buyers can actually pay with sane mortgages, thereby unlocking the housing market too.
OK davelj, this is where you come in and tell us that the FDIC is fundamentally sound and that all they have to do is charge a little more for the insurance they provide and everything will be just fine …
OK davelj, this is where you come in and tell us that the FDIC is fundamentally sound and that all they have to do is charge a little more for the insurance they provide and everything will be just fine …
OK davelj, this is where you come in and tell us that the FDIC is fundamentally sound and that all they have to do is charge a little more for the insurance they provide and everything will be just fine …
OK davelj, this is where you come in and tell us that the FDIC is fundamentally sound and that all they have to do is charge a little more for the insurance they provide and everything will be just fine …
OK davelj, this is where you come in and tell us that the FDIC is fundamentally sound and that all they have to do is charge a little more for the insurance they provide and everything will be just fine …
[img_assist|nid=11638|title=Running on empty?|desc=|link=node|align=left|width=220|height=444]
Jim Sinclair’s Commentary (www. jsmineset.com)
“Your funds are guaranteed by the FDIC. The only problem with that is FDIC is nearly broke and will have to be bailed out by the US Treasury.
The problem with the Treasury bailing them out is that dollars created out of thin air have never in history held their buying power. Therefore you get paid off in newly printed confetti money.”
[img_assist|nid=11638|title=Running on empty?|desc=|link=node|align=left|width=220|height=444]
Jim Sinclair’s Commentary (www. jsmineset.com)
“Your funds are guaranteed by the FDIC. The only problem with that is FDIC is nearly broke and will have to be bailed out by the US Treasury.
The problem with the Treasury bailing them out is that dollars created out of thin air have never in history held their buying power. Therefore you get paid off in newly printed confetti money.”
[img_assist|nid=11638|title=Running on empty?|desc=|link=node|align=left|width=220|height=444]
Jim Sinclair’s Commentary (www. jsmineset.com)
“Your funds are guaranteed by the FDIC. The only problem with that is FDIC is nearly broke and will have to be bailed out by the US Treasury.
The problem with the Treasury bailing them out is that dollars created out of thin air have never in history held their buying power. Therefore you get paid off in newly printed confetti money.”
[img_assist|nid=11638|title=Running on empty?|desc=|link=node|align=left|width=220|height=444]
Jim Sinclair’s Commentary (www. jsmineset.com)
“Your funds are guaranteed by the FDIC. The only problem with that is FDIC is nearly broke and will have to be bailed out by the US Treasury.
The problem with the Treasury bailing them out is that dollars created out of thin air have never in history held their buying power. Therefore you get paid off in newly printed confetti money.”
[img_assist|nid=11638|title=Running on empty?|desc=|link=node|align=left|width=220|height=444]
Jim Sinclair’s Commentary (www. jsmineset.com)
“Your funds are guaranteed by the FDIC. The only problem with that is FDIC is nearly broke and will have to be bailed out by the US Treasury.
The problem with the Treasury bailing them out is that dollars created out of thin air have never in history held their buying power. Therefore you get paid off in newly printed confetti money.”
