Without a cure for the problem of bad assets, the credit crisis that is dragging down the economy will linger, as banks cannot resume the ample lending needed to restart the wheels of commerce. The answer, say the economists and experts, is a larger, more direct government role than in the Treasury Department’s plan outlined this week. Full Story »
Posted by Terry Gamble
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Its a junk article, filled with "they say", "the experts" , "the economists and experts"...are the driving comments with a few professors defining financial terminology and minor other crisis's from the past. No mention of the thousands of healthy banks in the USA and what their role could be.
This type of carefully crafted article is intended to feed the fearful and knee jerk money spenders. They have passed a Bill they admit NO ONE has ... More »
Very cogent explanation of the banking dilemma and the problem with evaluating assets in the current market. Gives several examples of prior solutions.
Yet another mediocre analysis implying the banking system will recover if only it had more taxpayer stimulus to spend. How about inquiring whether the banking industry should change its business model? whether we should allow bad banking to fail so that new models can emerge? Aren't we eager for a real enterprise story or analysis based on investigation rather than on interviews with the same one-note sources upholding a market based on credit rather than on sound fiscal principles?
Of course, the Obama administration’s stimulus plan could help to spur economic recovery in a timely manner and the value of the banks’ assets could begin to rise. More »
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