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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Dark musings, 2009-03-24 | The Big Picture. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Dark musings, 2009-03-24 | The Big Picture
by flynn23 at 2:48 pm EDT, Mar 24, 2009

Of course the whole notion of repairing bank balance sheet is a lie and misdirection. The balance sheets we should want to see repaired are household balance sheets. Banks have failed us profoundly. We want them reorganized, not repaired. A world in which the banks are all fixed but households are still broken is worse than what we have right now. Too-big-to-fail banks restored to health are too-big-to-fail banks restored to power. The idea that fixing legacy banks is prerequisite to fixing the broad economy is a lie perpetrated by legacy bankers.


 
RE: Dark musings, 2009-03-24 | The Big Picture
by janelane at 12:47 pm EDT, Mar 25, 2009

flynn23 wrote:

Of course the whole notion of repairing bank balance sheet is a lie and misdirection. The balance sheets we should want to see repaired are household balance sheets. Banks have failed us profoundly. We want them reorganized, not repaired. A world in which the banks are all fixed but households are still broken is worse than what we have right now. Too-big-to-fail banks restored to health are too-big-to-fail banks restored to power. The idea that fixing legacy banks is prerequisite to fixing the broad economy is a lie perpetrated by legacy bankers.

Hmm...the Barracuda web filter at work is blocking this website as "spam". Curious.

-janelane


  
RE: Dark musings, 2009-03-24 | The Big Picture
by flynn23 at 2:01 pm EDT, Mar 25, 2009

janelane wrote:

flynn23 wrote:

Of course the whole notion of repairing bank balance sheet is a lie and misdirection. The balance sheets we should want to see repaired are household balance sheets. Banks have failed us profoundly. We want them reorganized, not repaired. A world in which the banks are all fixed but households are still broken is worse than what we have right now. Too-big-to-fail banks restored to health are too-big-to-fail banks restored to power. The idea that fixing legacy banks is prerequisite to fixing the broad economy is a lie perpetrated by legacy bankers.

Hmm...the Barracuda web filter at work is blocking this website as "spam". Curious.

-janelane

How can a website be "spam"? I mean, you're choosing to go there, right?


 
 
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