Re: Dialogo reale tra operatori di borsa svoltosi l'11 Luglio...

Inviato da  Descartes il 19/9/2008 0:42:17

Voci a Wall Street suggeriscono che Paulson opterà per la soluzione finale: rilevare e nazionalizzare tutti i debiti delle banche e delle istituzioni finanziarie causati da derivati tossici, e di conseguenza portare non più il sistema bancario ma il governo degli Stati Uniti a rischio default:


2008-09-18
Paulson is working on nationalizing all the losses of all the US banks and investment firms

Treasury Secretary Henry Paulson is working on a plan that would set up a government facility to take on bad debts from financial institutions, preventing a worsening of the global credit crisis, Wall Street sources have told CNBC.
Such a move, according to its advocates, would allow banks to shovel bad debt off their balance sheets and allow the firms to go back to business as usual. It would also eliminate the need for individual company bailouts.

In turn, that could allow the housing market to recover because it would restore banks willingness to lend.

"This will bring real trust back into the market." Donald Marron, chairman of Lightyear Capital, said on CNBC. "It would free up real, spendable capital in these organizations. They can use that to make loans, to make transactions and to build confidence in the system. This is a confidence crisis."

[...]The good news for libertarians is that this will fail to make the markets recover on anything but a short term speculative rally. Why is that? Because the problem is not that the banks hold bad dept on their balance sheet and hence cannot lend anymore. This is the consequence. The problem is that the debtors are unable to take on more dept and are unable to pay back their current ones! Paulson and Bernanke, probably the biggest fools in the world (even bigger than George W. Bush) still don't get it!


http://realitylenses.blogspot.com/2008/09/and-you-thought-g-w-bush-had-badly-hurt.html