[patientrenter]

[quote=CA renter]…What we need to determine is who or what is behind all these offers….[/quote]

Something tells me that the money is all borrowed. Even the ‘investors’ are probably borrowing most of it.

There is still a large global surplus of savings. It has to find a home somewhere, so to speak.

[patientrenter]

[quote=CA renter]…What we need to determine is who or what is behind all these offers….[/quote]

Something tells me that the money is all borrowed. Even the ‘investors’ are probably borrowing most of it.

There is still a large global surplus of savings. It has to find a home somewhere, so to speak.

[patientrenter]

[quote=CA renter]…What we need to determine is who or what is behind all these offers….[/quote]

Something tells me that the money is all borrowed. Even the ‘investors’ are probably borrowing most of it.

There is still a large global surplus of savings. It has to find a home somewhere, so to speak.

[patientrenter]

[quote=CA renter]…What we need to determine is who or what is behind all these offers….[/quote]

Something tells me that the money is all borrowed. Even the ‘investors’ are probably borrowing most of it.

There is still a large global surplus of savings. It has to find a home somewhere, so to speak.

[patientrenter]

[quote=Rich Toscano]….to the extent that their article praises his awesome depression-preventing powers (which I’ll bet it did…

rich[/quote]

You are right. It is painful to read, with it’s unstinting support for bubblenomics, for easy money, for the housing HPA Ponzi scheme, for moral hazard without limits…. But all this is indeed what Bernanke stands for.

[patientrenter]

[quote=Rich Toscano]….to the extent that their article praises his awesome depression-preventing powers (which I’ll bet it did…

rich[/quote]

You are right. It is painful to read, with it’s unstinting support for bubblenomics, for easy money, for the housing HPA Ponzi scheme, for moral hazard without limits…. But all this is indeed what Bernanke stands for.

[patientrenter]

[quote=Rich Toscano]….to the extent that their article praises his awesome depression-preventing powers (which I’ll bet it did…

rich[/quote]

You are right. It is painful to read, with it’s unstinting support for bubblenomics, for easy money, for the housing HPA Ponzi scheme, for moral hazard without limits…. But all this is indeed what Bernanke stands for.

[patientrenter]

[quote=Rich Toscano]….to the extent that their article praises his awesome depression-preventing powers (which I’ll bet it did…

rich[/quote]

You are right. It is painful to read, with it’s unstinting support for bubblenomics, for easy money, for the housing HPA Ponzi scheme, for moral hazard without limits…. But all this is indeed what Bernanke stands for.

[patientrenter]

[quote=Rich Toscano]….to the extent that their article praises his awesome depression-preventing powers (which I’ll bet it did…

rich[/quote]

You are right. It is painful to read, with it’s unstinting support for bubblenomics, for easy money, for the housing HPA Ponzi scheme, for moral hazard without limits…. But all this is indeed what Bernanke stands for.

[patientrenter]

I only got to read some of your posts after you’d already left, ps, but you were very perspicacious. I look forward to hearing your thoughts from time to time. Oh, and your post here was very gracious.

[patientrenter]

I only got to read some of your posts after you’d already left, ps, but you were very perspicacious. I look forward to hearing your thoughts from time to time. Oh, and your post here was very gracious.

[patientrenter]

I only got to read some of your posts after you’d already left, ps, but you were very perspicacious. I look forward to hearing your thoughts from time to time. Oh, and your post here was very gracious.

[patientrenter]

I only got to read some of your posts after you’d already left, ps, but you were very perspicacious. I look forward to hearing your thoughts from time to time. Oh, and your post here was very gracious.

[patientrenter]

I only got to read some of your posts after you’d already left, ps, but you were very perspicacious. I look forward to hearing your thoughts from time to time. Oh, and your post here was very gracious.

[patientrenter]

[quote=davelj]….
If mark-to-market accounting were required of most US citizens, a large percentage of them would be in “receivership” (re: bankrupt) as well. (That is, their liabilities are greater than their assets on a liquidation basis.)

To use an obvious example, consider just about every college student that graduates with a student loan…[/quote]

For the recent graduates with a student loan, their major asset is their future earnings. Hopefully, even a conservative estimate of those earnings far exceeds their debt. If not, then there is a bad debt issue.

For the banks, aren’t some of the future earnings capitalized, at least on a conservative basis? If not, it seems reasonable to do that. Why? To separate those that should be shut down from those that should be allowed to live, and in a transparent way that can be subjected to questioning. (It doesn’t have to be radical, just add and publish the calcs to the normal reports that don’t capitalize any future earnings.)

[Author]

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