En åsikt bland flera

2009-02-14 11:58, Edited at: 2010-06-11 12:04

Nedanstående är en åsikt bland flera. Men en åsikt som jag personligen kan skriva under på. Sedan finns det förstås de som har andra ideer och vad som är rätt eller fel vet ingen idag. Det kan bara framtiden utvisa. Men i grund och botten så håller jag nog med Staffan Kjellin. Det är sämre än många tror. Betydligt sämre dessutom. För ett år sedan vid samma tidpunkt diskuterade världens skarpaste hjärnor om USA skulle hamna i recession och om det i så fall (om det nu skulle inträffa - många tyckte det var nonsens) skulle sprida sig mot andra ekonomier. "Decoupling" var en idé som lanserades på bred front. Lika absurd som superkonjunkturen skulle det visa sig.

" The world economies are contracting faster than even I assumed. Again don’t believe the talk that China is going to save the world since they are an export driven economy and will have as much or more problems as everyone else. The one thing that can bring about some confidence is a bank bailout that truly makes some sense. The toxic asset problem must be taken head on. The country needs some REAL leadership. Every suggestion or proposal seems to be coming from the financial industry itself. When the solutions offered protect the stock and bond holders of the insolvent banks it is not a solution. There is now an audit taking place of the top 18 banks because Geitner obviously doesn’t trust what the banks are telling him. The problem is too big to just through money at the banks or guarantee their mammoth losses as was done with Citibank. That is just wasting taxpayer money and only satisfies the financial industry. Many of those insolvent banks need to be placed in some form of receivership and their toxic assets sold for what they are worth at the expense of the bond and stockholders and the functioning parts of those banks either set up as a solvent bank and sold to investors or placed or sold to successful banks. Trying to keep insolvent banks alive is far too costly and will be to the benefit of no one but the financial industry. With the current “planning” this will likely cost in excess of a trillion more dollars and counting yet not solve the problem. They are insolvent do to the greed of management and those stock and bond holders who backed the management should pay the price and not the taxpayer. So far this has been the largest rip off in history and needs to stop now. The economy will go nowhere until this problem of insolvent banks is truly solved and solved quickly for the benefit of the country and not the financial industries management, bond and stock holders.