crisis real solution

Discussion in 'Economics' started by local_crusher, Oct 6, 2008.

  1. that 700bln package is BS.

    a far more radical approach is needed, could look like this:

    - declare all existing CDS void, by law
    - force ALL banks, by law, to start making markets in ABS / CDOs from, e.g. Oct 15 00:00, with fixed spread rules and quote sizes according to the size of the bank
    (optional: on a newly created exchange)
    - urge G8 countries to do the same

    i know this sounds like nonsense.
    all the current "solutions" floating around are nonsense though.