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2009-01-17 Home Front Economy

In Search of One Bold Stroke to Save the Banks

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Posted by tipper 2009-01-17 10:27|| || Front Page|| [3 views ] Top

#1 Sheila C. Bair of the Federal Deposit Insurance Corporation and other officials have talked of a bank that would be created by the federal government to buy financial institutionsâ bad assets.

I've been beating a dead horse since last fall, that we should have rechartered the Bank of the United States and instead of absorbing the bad paper and debts of banks and lending institutions, they should have been taken in whole. In other words we are not stuck with just the bad stuff, we get the assets as well. If they're that insolvent, then they're forfeited. No need to maintain an upper management structure that has failed and is paid well above GS and SES levels. When all the shenanigans with the Treasury and Congress are done, it would have been far cheaper in the long run to have followed that course.

Posted by Procopius2k 2009-01-17 12:12|| 2009-01-17 12:12|| Front Page Top

#2 There's only one way to "Save The Banks" that's to fire all from Ceo down, keep tellers and such they're not at fault, but everyone above bank teller (Possably lower managment, such as assistant managers who've not been "Tainted" yet") should be barred fron working in ANY finncial institution FOR LIFE

Posted by Redneck Jim 2009-01-17 14:23|| 2009-01-17 14:23|| Front Page Top

#3 BANKRuptcy.

New Banks emerge from the ashes of the failed.

Posted by Bright Pebbles 2009-01-17 14:47|| 2009-01-17 14:47|| Front Page Top

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