Now I am no horse trader, but, according to this chart we have not only 'been there' before with Subprime lending, but, we actually faired through the mess okay.
It seems all to obvious to me, that the way Paulson structured the "Mark the Market" restrictions on investment firms is what CREATED this mess, not the market itself.
This is indictable. Paulson deliberately manipulated the circumstances that disaffected these firms to enhance Goldman-Sachs share of the market.
NO BAILOUT. Mike's got the right idea (click here), let the wealthy bail themselves out and they might even have to do it from indictment hearings. The 'rich' might have to get 'REAL' jobs and live like the rest of us. Gee, what a shame. The Democrats have to take over otherwise this will all be covered up.
The International Community might want to file a class action suit against those responsible. The problem is how do other country's get the records without the assistance of the USA? They don't. They will be in court forever.
This is from the Federal Reserve
For Immediate Release
September 15, 2005
Data Show Continued Improvement in Credit Quality, Slight Increase in Credit 1 Commitment Volume (click here)
The quality of syndicated bank credits showed continued improvement this year, according to the Shared National Credit (SNC)2 review released today by federal bank and thrift regulators. The review, which encompassed credits of at least $20 million that are shared by three or more financial institutions, also found that most industries exhibit much improved credit quality from peak problem levels experienced only a few years ago.
The results--reported by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision--are based on analyses prepared in the second quarter of 2005 and reflect business and economic conditions at that time.
Total classified credit commitments (those rated as either substandard, doubtful or loss) fell by $21.5 billion, or 29 percent, from the previous year, compared with a net decrease of $78.2 billion, or 51 percent, the year before. Commitments rated special mention decreased by $7.0 billion, or 21 percent, in contrast to 2004 when they fell by $22.4 billion, or 41 percent. None of these figures includes the effects of hedging or other techniques that organizations often employ to mitigate risk.
The ratio of classified credit commitments to total commitments fell to 3.2 percent, the lowest level since 1999. Total adversely rated credits 3 (classified and special mention combined) also fell considerably, to 4.8 percent of total commitments (see Chart 1 below)....
It seems all to obvious to me, that the way Paulson structured the "Mark the Market" restrictions on investment firms is what CREATED this mess, not the market itself.
This is indictable. Paulson deliberately manipulated the circumstances that disaffected these firms to enhance Goldman-Sachs share of the market.
NO BAILOUT. Mike's got the right idea (click here), let the wealthy bail themselves out and they might even have to do it from indictment hearings. The 'rich' might have to get 'REAL' jobs and live like the rest of us. Gee, what a shame. The Democrats have to take over otherwise this will all be covered up.
The International Community might want to file a class action suit against those responsible. The problem is how do other country's get the records without the assistance of the USA? They don't. They will be in court forever.
This is from the Federal Reserve
For Immediate Release
September 15, 2005
Data Show Continued Improvement in Credit Quality, Slight Increase in Credit 1 Commitment Volume (click here)
The quality of syndicated bank credits showed continued improvement this year, according to the Shared National Credit (SNC)2 review released today by federal bank and thrift regulators. The review, which encompassed credits of at least $20 million that are shared by three or more financial institutions, also found that most industries exhibit much improved credit quality from peak problem levels experienced only a few years ago.
The results--reported by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision--are based on analyses prepared in the second quarter of 2005 and reflect business and economic conditions at that time.
Total classified credit commitments (those rated as either substandard, doubtful or loss) fell by $21.5 billion, or 29 percent, from the previous year, compared with a net decrease of $78.2 billion, or 51 percent, the year before. Commitments rated special mention decreased by $7.0 billion, or 21 percent, in contrast to 2004 when they fell by $22.4 billion, or 41 percent. None of these figures includes the effects of hedging or other techniques that organizations often employ to mitigate risk.
The ratio of classified credit commitments to total commitments fell to 3.2 percent, the lowest level since 1999. Total adversely rated credits 3 (classified and special mention combined) also fell considerably, to 4.8 percent of total commitments (see Chart 1 below)....
