[what's up]

economists had proposed preferable alternatives. Their core insight is that it is better to boost the banking system by increasing its capital than by reducing its loans

OK...it's great that Pence has an idea.

Anyone notice there's NO proposal for seeing this miraculous increase of capital take place?

People who are bashing shouldn't just bash but have a real idea!

[Reagan Man]

So which is better.

Rushing head first into the unknown?

I think House members should take the advice of Mike Pence and not rush head first into handing out hundreds of billions of dollars without first debating the issues. Pence is right. The choices are between massive government intervention or free market alternatives.

Newt Gingrich suggested that Bush get all the best people from the Reagan era, have them sit around a table to throw out ideas that could actually solve this problem. Sounds like a good start to me. Much better than throwing money at the problem. That is what liberals have been doing for the last 40 years, without success.

[grandpa jones]

a revision of FASB 157 “mark to market” rules which most banks adopted about a year ago, would allow institutions to hold illiquid assets, at value, instead of having to write them down.

[quesney]

In another statement I’ve seen from Pence he proposes raising capital by reducing our capital gains tax — thereby encouraging investment.