To: E. Pluribus Unum
Just the opposite—this move would zero out the bad loans on banks’ books, releasing funds held in reserve. Easy money for everyone = hyperinflated equities = Dow 100,000.
46 posted on
08/05/2010 10:10:24 AM PDT by
qwertyz
To: qwertyz
You forget, we are living in bizarro world now.
58 posted on
08/05/2010 10:18:45 AM PDT by
E. Pluribus Unum
("The only stable state is the one in which all men are equal before the law." -- Aristotle)
To: qwertyz
Um - a loan - even a bad one is still an asset on the bank’s books. Zeroing out an asset is bad for the balance sheet.
64 posted on
08/05/2010 10:25:21 AM PDT by
SlayerOfBunnies
(An Indian friend of mine wishes to remind everyone... Indians <> muslims)
To: qwertyz
You think this will drive the market up?
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