Nationalize Insolvent Banks

[Dr.Dudd]

Re: BofA, White House Rebut Nationalization Fears

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body">
Unsolvency is really a matter of perception. </div></div> how so ?



</div></div> A ponzi cheme is always insoplvent while operaating.
This is becaus eof credut availabulluty to the organization.
That's how so.
every insolvent organizarion are usually in that condition long begore it is discovered.
Usually due to th elack of enough credit.
Wall street was insolvent over a year ago. If it was niot discovered from outside they would just keep going. Iceland was insolvent for years.
but they used their triple A rating that they buy and keep getting more and more credit to keep going.

[RichD]

Re: BofA, White House Rebut Nationalization Fears

were they insolvent or not?...its not about perception

[Dr.Dudd]

Re: BofA, White House Rebut Nationalization Fears

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">were they insolvent or not?...its not about perception </div></div> Come on Rich, ...
I mean that just because an organizatuion is insolvent,does noit mean that they can't still operate and eventyally becomes profitable.. It depen on whether they are forced to close shop.
this is why theu have bankrupsy protection,ro allow insolvent organizations after they have been discovered, to become profitable.

[evanovitch]

Stocks sink to their lowest levels in a decade



updated 1 hour, 8 minutes ago
NEW YORK - Investors’ sagging confidence has pulled the major stock market indexes to their lowest levels in over a decade.

The Standard &amp; Poor’s 500 index fell to April 1997 levels Monday, while the Dow Jones industrial average reached its levels of October 1997 as investors succumbed to their growing worries about a recession that has no end in sight.

Most financial stocks were pounded even as government agencies led by the Treasury Department said they will launch a revamped bank rescue program that includes the option of increasing government ownership in financial institutions without having to pour more taxpayer money into them

[RichD]

Re: Stocks sink to their lowest levels in a decade

i think its too late for any half measures

[evanovitch]

Re: Stocks sink to their lowest levels in a decade

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">i think its too late for any half measures </div></div>

yepp...warm up di printing presses r betta yet, borrow bak some a whe China, Russia ha a hold...it all will be valueless soon if people no stop form fool an do right....an dat mean politicians and bigbizniz....

[Dr.Dudd]

Re: Stocks sink to their lowest levels in a decade

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">i think its too late for any half measures </div></div>One day doe not make a trend on the stock market.
What you have here are hedge funds trying to make as much profits as they can. The only time this sort of volatility will end, is when they are over powered by real investors.

that is the cycle the jamaican stock market has been stuck in for ever, because it has majority speculators.
that behave sumular to hedge funds that try to sell as sonn as they make a few points and but as soon as stock seem too cheap. so th estock can newver really increase in value,but theuymake as much as if it did.

[Dr.Dudd]

Re: Stocks sink to their lowest levels in a decade

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: evanovitch</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">i think its too late for any half measures </div></div>

yepp...warm up di printing presses r betta yet, borrow bak some a whe China, Russia ha a hold...it all will be valueless soon if people no stop form fool an do right....an dat mean politicians and bigbizniz....

</div></div>you mean 'that mean the republicans in congress&quot;.

[SmoothOperator]

Omar Davies: We Did It Better Than The US...

I was wondering how long it would take for Davies to step in and toot his horn about his &quot;excellent&quot; management of the financial crisis in the 90s. No mention here that the crisis that ensued was in large part due to government policy as spearheaded by him. Also no mention that Jamaica is still to recover from the financial crisis of the 90s. Wonders never cease! Maybe he should consider applying for one of those consultant positions on the TARP team.

------

http://www.jamaicaobserver.com/magazines...S___DAVIES_.asp

Opposition spokes-man on finance Dr Omar Davies thinks his team did a better job to mitigate the 1990s financial crisis in Jamaica than the current actions of US President Barack Obama and his team. Davies said...I have not seen a clearly articulated objective for the intervention in the financial institutions.

&quot;I was marginally involved, I took most of the cursing, but the technical groundwork that we put together for the intervention in the financial sector I would contend represents a superior effort than that which is taking place now in the US,&quot; said Davies, at a public lecture at the University of Technology in Kingston, last week.

The former Finance Minister's comments received claps and huffs.

Obama inherited an administration in crisis, Davies conceded, but his nearly US$1-trillion dollar stimulus package is inconsistent, bailing out some financial institutions but not others of similar size.

[Tropicana]

Re: BofA, White House Rebut Nationalization Fears

Seeit deh.....what mi did tell onoo:

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> In Asia, Tokyo slid to near 26-year lows after an overnight rout on Wall Street when a new US plan offered relief to banks but stopped short of the outright nationalisation that some argue is the only option left.


A joint statement on Monday from the US Treasury, Federal Reserve and banking regulators said the plan could lead to bigger government stakes but was based on a &quot;strong presumption&quot; that banks &quot;remain in private hands.&quot;


Analysts said this was the first step in a so-called &quot;stress test&quot; announced by the administration of President Barack Obama to determine the health of banks hammered by the US housing meltdown and global credit crisis.


But crucially there were no details on capital injections for individual banks despite reports the government might take over some large lenders, including Citigroup, once the largest of them all, on the brink of insolvency.


&quot;The government will ensure that banks have the capital and liquidity they need to provide the credit necessary to restore economic growth,&quot; the statement said.


Getting the banks, especially the US banks, lending again is essential to avoid a 1930s style Great Depression but despite hundreds of billions of dollars spent to shore them up, there is little sign of progress.


&quot;We're obviously all hugely worried about the American financial system and about the financial system of some other countries,&quot; Canadian Prime Minister Stephen Harper said Monday.


&quot;Frankly, until that problem gets fixed, it's hard for me to see how we're going to turn the corner on this recession that we're in now,&quot; he said.


Investors share that view and appear confused over US government direction, with stock markets falling steadily in the past couple of weeks to leave New York back near levels last seen in 1997.


Investors &quot;are selling (shares and the dollar) without being clear whether they should be afraid of banks being nationalised or whether they want it,&quot; said Sumitomo Mitsui Banking Corp. chief strategist Daisuke Uno.

</div></div>

De very tings onoo fraid a nationalized banks and national health care are what will help you.