“Are you suggesting that it’s better to spend trillions of dollars”
Despite your creative writing in the initial post and this most recent ‘trillion’ creativity you make no sense.
I’m saying its time to restore confidence in the markets. Socialism caused this mess and unfortunately it will take govt action to get us out. Waiting for a pure market driven solution at this point will only result in the destruction of the United States.
Some government action is needed, certainly. A billion dollars toward prosecuting fraudsters would be a good start, as would passing rules to ensure an orderly fall of the CDS market (e.g. ensuring that assets get allocated among all claimants, rather than simply going to the earliest ones). I see no reason to believe that any action which does not clear the toxic paper will have any lasting effect, beyond the impoverishment of the American taxpayer.
So your saying in effect socialism (government) caused this, and socialism )government will get us out?
So if we got stung by a scorpion a scorpion sting is what will cure us?
Why doesn't either of those ideas make sense?