Those who sold the bubble should have cleared it years ago.
The policy has been one of hand it over and free massive reserves at the expense of all savers though most saliently retirees and again those who sold the bubble and got their large proceeds thereby.
The negative returns have been the arm twisting of that group.
The U.S. needs risk takers, the mortgagors were somewhat risk suckers as well (the brokers were obviously told to just lend to anyone, pretty much, as the paper was getting sold.)
Those mortgagors should have a non-recourse regimen.
Both WSJ Free Pass article per last awareness on my part (with good effort:)
Instead of backstopping the TBTF bank loans and liabilities those banks should have seen their holding companies suck up their own losses.
We've been benchmarked to 0% instead.
Funny how this interview discussed Japan.
Free reserves and blame gaming China amounts to turning the U.S. into Japan and Iceland at each country's worst moment: MBS's kited through Iceland creating the carry trade that siphoned from Japan's recovery.
TBTF is synonymous with oligopoly. ObamaCare replaces in-your-face exclusions and cherry picking with an exquisite, exacting, blanket-universal static oligopoly, complete with population milking profit stipulations but devoid of clinical rationalization for the greater part, except for in the high risk exchanges, which I call "outskirts of Medicare," which is national health insurance for customers the insurers don't want but for which they get paid to take some back (I'm fair and give credit where it's due: where that's on capitation they HAVE yielded welcome efficiencies, though THEY'RE now the source of pull-the- plus on grandma related papers that are less welcome.)
Cable is a "natural" monopoly, but theirs should be ratched back to the stipulated profit-type monopoly that ObamaCare creates.
Of course, transportation has been a modal monopoly.
Those who sold the bubble should have
ReplyDeletecleared it years ago.
The policy has been one of hand it over
and free massive reserves at the expense
of all savers though most saliently
retirees and again those who sold the
bubble and got their large proceeds thereby.
The negative returns have been the arm
twisting of that group.
The U.S. needs risk takers, the mortgagors
were somewhat risk suckers as well (the
brokers were obviously told to just lend
to anyone, pretty much, as the paper was
getting sold.)
Those mortgagors should have a non-recourse
regimen.
Both WSJ Free Pass article per last awareness on my part
(with good effort:)
http://online.wsj.com/article/SB122265260912184329.html
http://online.wsj.com/article/SB123336541474235541.html
Instead of backstopping the TBTF bank loans
and liabilities those banks should have
seen their holding companies suck up their
own losses.
We've been benchmarked to 0% instead.
Funny how this interview discussed Japan.
Free reserves and blame gaming China amounts
to turning the U.S. into Japan and Iceland at
each country's worst moment: MBS's kited
through Iceland creating the carry trade
that siphoned from Japan's recovery.
TBTF is synonymous with oligopoly.
ObamaCare replaces in-your-face exclusions
and cherry picking with an exquisite,
exacting, blanket-universal static oligopoly,
complete with population milking profit
stipulations but devoid of clinical rationalization
for the greater part, except for in the high
risk exchanges, which I call "outskirts of Medicare,"
which is national health insurance for customers
the insurers don't want but for which they get
paid to take some back (I'm fair and give
credit where it's due: where that's on
capitation they HAVE yielded welcome efficiencies,
though THEY'RE now the source of pull-the-
plus on grandma related papers that are less
welcome.)
Cable is a "natural" monopoly, but theirs
should be ratched back to the stipulated
profit-type monopoly that ObamaCare creates.
Of course, transportation has been a modal
monopoly.