On Sep 19, 10:27 pm, Siansiansian <williamta...@gmail.com> wrote: It must be a joke, unless the Fed is going to absorb all the bad debts, and who is going foot the bill? I can't understand the logic. So simple, just keep on buying and spending, and make sure it is a big amount of ...

It must be a joke, unless the Fed is going to absorb all the bad debts, and who is going foot the bill? I can't understand the logic.

... government sorted out good loans from bad, and sold off assets at so ...finite. Today, the scale of the bad assets on the books of financial ... any previous crisis, and is literally unknowable. For example, insurance against bad debt, underwritten by companies such as...Nobody knows how much of this debt will ultimately be paid back, ...return for taking a lot of bad paper off the books of financial...

...to be replaced by another, namely our late, lamented mortgage/collaterized-debt-obligation bonanza, just now dramatically going down the tubes. Backstopping ... American public with its presumably inexhaustible resources. Even while Washington was instituting the periodic "socialization" of bad debts, it was systematically abandoning the New Deal's commitment to regulation. That, of course, ...

...also used offshore insurance interests to move debt off its books, thereby making the company... were aware that AIG was moving debt off its books via the use of...going to show unacceptably high levels of debt on its books from claims it ... to set up Coral Re, a reinsurance company, to move his bad debts off AIG books. It set ... could hand off the shares and debt whenever they chose. Who got this ...

... it impossible to write down the debts of the four million homeowners that..., impossible to write down the debts of companies that have issued junk... go, billions of dollars of bad loans beyond the ability of ... ground for writing down the debts of the homeowners that have ... property taxes to enable the debts to be paid to save ... coming to terms with the bad debts which you the taxpayer ...

...it impossible to write down the debts of the four million homeowners that..., impossible to write down the debts of companies that have issued junk...will go, billions of dollars of bad loans beyond the ability of debtors... ground for writing down the debts of the homeowners that have no... property taxes to enable the debts to be paid to save ... coming to terms with the bad debts which you the taxpayer ...

.../9/17http://en.wikipedia.org/wiki/Glass-Steagall_Act MICHAEL HUDSON: ... ....And the question that Wall Street has, if you’re going to take a gamble on bad debts that can’t be paid, how are you going to come out a winner? And there’s only one way of coming out a winner, and that’s...

.../9/17http://en.wikipedia.org/wiki/Glass-Steagall_Act MICHAEL HUDSON: ... ....And the question that Wall Street has, if you’re going to take a gamble on bad debts that can’t be paid, how are you going to come out a winner? And there’s only one way of coming out a winner, and that’s...

...every financial analyst knows that the debts can’t be paid. And the...was coming to terms with the bad debts. When Bear Stearns went under...it impossible to write down the debts of the four million homeowners ..., impossible to write down the debts of companies that have issued ... go, billions of dollars of bad loans beyond the ability of ... ground for writing down the debts of the homeowners that have ...