I think the whole "we will buy assets from 'solvent' institutions" is like "we will not need to use the bazooka", when the big players runs into trouble they will buy the assets and make an excuse
the banks can now write these loans off and move on with new balance sheets/,the fed runs the banks and need to make new rules before they open the banks on monday/,that won't happen but there will be plenty of behind the scenes deals and firings and hirings/, they will keep there dirty laundry private /we can't just find a new fed in the yellow pages/they have us over the barrrell and we will have to wait and see how they handle this
That is one lucid post... I think your hit it right Wall Street has crashed and burned too many times in the last 20 years Unfortunately the regulation that will come out of this will pretty much kill public financing and kill the supply of good firms. This will also tguarantee that are 401ks will be for shit and since we will have no Social Security or Medicare we are all in for a Miserable retirement.