Gee, tell us how you really feel, Barry.
Agreed, this is a mess. However, avoiding meltdown seems a worthy goal.
This, despite how many out there deserve destitution
and humilation for building our current house of financial cards.
Why avoid a deserved meltdown ? It’s coming anyway, and it’s being made worse by delaying the inevitable.
If taxpayers are being asked to backstop 5.5 TRILLION in mortgage debt on top of $30B for BSC, then we should have the right to ask that executives be prosecuted and jailed for intentional fraud, that the lies stop, that the banks come clean and stop the Level 3 asset valuation crap, and that the Fed with the assistance of Goldman Sachs and JP Morgan stop gaming the markets and using Fed backstop money to play in the commodities markets.
We need to require that out enforcement agencies actually do their jobs. Where’s the inquiry into the amount of lobbyist money buying votes on the Senate Banking committee, for example, or investigating Dodd and Co for sweetheart mortgages ?
Everyone here should be nonstop calling our elected representatives and demand that they do their jobs. They passed the laws - the laws should be enforced.