tag:blogger.com,1999:blog-53246864840716464.post8584720690356728703..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: IMF Calls for Huge New Round of Bank BailoutsUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-53246864840716464.post-33896461733385987902010-10-08T02:49:32.109-07:002010-10-08T02:49:32.109-07:00Definitely few people, let alone economists, have ...Definitely few people, let alone economists, have understood that the problem is one of EU web (within Europe) and loop (banks-governments-banks) debt exposures. Leverage means creation of money out of thin air thus what is needed with deleveraging is less liquidity in the system and less bailouts, not more...<br />Eventually banking loans (to governments or bankrupted businesses), which the banks count as assets because they were expecting to be paid back, would be simply written off and the money in the Euro-zone would be counted as destroyed. That's the much needed deleveraging.<br /><br />http://mgiannini.blogspot.com/2010/09/eu-stress-tests-inconvenient-truth-or.htmlM.G. https://www.blogger.com/profile/14140876295753661499noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-46133287208753453632010-10-06T18:19:56.286-07:002010-10-06T18:19:56.286-07:00Great article. BTW...do you have authors who writ...Great article. BTW...do you have authors who write these articles?<br /><br />Not sure about you folks, but I'm done contributing to the federal government and its party of the wealthy. I suggest every american stop supporting the federal government in all things. I, for the life of me, can not think of one good thing the government has done or stands for as present. Everything is corrupted and cronyism. Leave the banksters, corporate elitists and gov officials to themselves.<br /><br />Let's see how they do WITHOUT us and our money, and our blood, sweat and tears.<br /><br />Its my guess that we'll have another drop in the markets to scare the heck out of those americans that cannot think without intimidation or gov press releases. They'll bring their garbage cans full of lies and BS to scoop out onto americans. And you know what, I bet a majority would still support the gov and additional bailouts. THAT's what makes me sick and disgusted.<br /><br />Well...they ain't getta dime from me!!the bonocellihttps://www.blogger.com/profile/07109086768819807397noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-77697032505267444692010-10-06T14:51:23.663-07:002010-10-06T14:51:23.663-07:00Absolutely the most concise depiction of the finan...Absolutely the most concise depiction of the financial debacle we find ourselves today ...<br /><br />thanks ...<br /><br />mmckinlmmckinlhttps://www.blogger.com/profile/01382007009752399000noreply@blogger.com