It is incredible that "basic math" seems to escape the minds of those which are involved in creating government policies.... What if I asked you to replace over $30 Trillion with an $800 Billion program ? This is a lot like buying a rich option premium....hoping for the best.... ....................................................................... Furthermore....just who in their right minds would again trust the rating agencies and the securitization industry ? This segment accounted for a large percentage of total debt....The "Community Banks" win the game "hands down".....Without the securitization segment....it is impossible for "solvency" to be attained in the large US banks.... The "loss" ....is going to be paid by those "who do not owe".... There is nobody else.... Who says "life is fair" ? ........................................................................ The day that the US aborts the two party by advertising lobbyist system....for one that actually works well with good economics....will be the day that the US will truly advance.... ............................................................................ The bottom line is that the US will nationalize the banks.... But will not label it nationalization....It will have a different name such as " The US Bank of the Future Program" ....
Seems ironic, considering that it was JP Morgan himself who saved the US banking system from collapse in 1907.
the PUNKS running the banks currently have nothing in common with the original JP Morgan.....THE CURRENT guys are a bunch of low level thugs
Nationalisation is not Japan but Sweden and would lead to a quicker resolution of the problem. The Japanese zombie bank is the way "the One" is proceeding and will result in depression, e.g -10% economic growth over the cycle.
If the US nationalises all the banks surely the charade of triple A US bonds can't go on anymore so then what the rating agencies get shut down? Or is the plan to label all global debt to junk except US and GE...