[wdvltalk-social] oh sh*t

[michael ensor]

My remedy:
1.Leave the housing market alone, it is self correcting.

2.Demand that banks disclose all level 2 and 3 tier
assets and counterparties, and let the cards fall where
they may......

----- Original Message ----- 
From: "joseph harris"
Sent: Wednesday, March 11, 2009 12:29 AM
Subject: Re: [wdvltalk-social] oh sh*t


[Yor other missives noted]

You will have noted that that view of the US was anticipated
by some years with a SciFi in 1997!

Mark you my experience of many Americans is that anything to
the left of Vlad is full bloodied communism, while they see
Vlad himself as a Socialist. ;-)

On the actual situation vis-a-vis finance/economics, there
was never an intelligent alternative to nationalising all
retail banking in mid-2007 in the US and UK and leaving the
rest of the financial casino to drown in its own gambling
debts.

'Intelligent' meant there was no hope of it being followed,
and we are now another £4-5trillion deep in the hole where
Gordon the Unready and Barack the Voice are still digging.
The bubble(s) became so inflated that we may well settle to
a world GDP around 1/3 of the 2006 peak.

In light of the current political headless chickens flapping
around it is instructive to re-read Alice in Wonderland and
Through the Looking Glass.

Joseph




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