[SE Mom]

Thank you! Finally! An alternative:) I don’t know as it’s any better- or if it would work- but at least it’s not in lock-step with the MOAB (Mother Of All Bailouts)

[Cold Heat]

I read that article, and yeah, it's interesting but it doesn't seem to realize what the problem is!

The author mentions a couple proposal that read as if the entire problem is due to bank mismanagement and low liquidity that can somehow be fixed by the fed injection.

That's already been done! The problem is that the poisoned assets, or securitized mortgage debt obligations are clogged in the system and no amount of injection of capital will bring value to this paper so that it can move and therefore allow the billions and trillions of related assets to move.

700B is simply a estimate of the value of the UNDERLYING assets, and not representative of the total or anywhere near it.

It's a well placed shot at the root of the problem and it takes these base assets out of the system thereby freeing capital for the banks and most importantof all, allowing the related trillion dollar derivative mess to begin to clear at a loss and a big one!

Nobody wins in this but the American economy as whole, and many banks will still fail as a result of the losses, as will investment firms of all sizes. And....the investors.

[PerConPat]

Finally! An alternative:) I don’t know as it’s any better-

Neither do I... Frankly, I'm sitting on pins and needles until the market opens tomorrow. I suspect that some time has been purchased by the jawboning, but that time had better be used very wisely. If a carefully constructed dam is not put in the path of this credit hemorrhage, the inevitable collapse will have catastrophic consequences.

I've spent a good part the last week moving about like a rabid squirrel restructuring some of my investments. It's been quite a ride.