Daily Archive: Sunday, October 5, 2008

CNBC: Government in way over their heads as earnings estimates are lowered

[Skip to the end] Things have come apart very quickly as government officials have demonstrated they are in this way over their heads. Especially as it becomes clear the enormous efforts expended to get the TARP passed will do little if anything to address any of the current woes. Government, including the ...Read More

Where do we go after these toxic assets problem?

[Skip to the end] Seems at this late hour the payroll tax adjustment is about all that can get the job done to immediately support demand. Yes, the banking model is to make loans to individuals and business that become illiquid assets and match that with liabilities that are not at risk ...Read More