Let the NyLon geniuses, who created that market, eat cake.Americans can rebuild from the ashes without their help. We begin as soon as all their 1s are turned into 0s.The New York T-Bill party - In remembrance of the Boston Tea Party
Yeah; I’m in favor of returning to a gold standard, but that won’t do squat now. Allowing the entire derivatives market won’t just hurt the tassled-loafer crowd, it will bring the entire US economy to its knees and lead to a civil war. This isn’t a hard landing, it’s a fall into a bottomless pit that will take every man, woman and child in the US down with it.
If a wall is collapsing, you don’t sit there and let it fall on people walking by. You prop it up temporarily, fence it off, and either rebuild it the right way (if possible) or build permanent supports. Saying it’s ok to let the economy crash to prove a point (which I happen to agree with, btw) is not morally or ethically correct. Something must be done, and while it might not be Paulson’s plan, letting it all fall to pieces is the absolute worse thing—it will make 9/11 look like child’s play in terms of the damage it will do to the lives of average Americans.