Friday, September 19, 2008

My First Entry


This is me.



  • A huge RTC-like government garbage can that banks can throw all their toxic balance-sheet waste into. (This time, the transfer will be made before they go bankrupt, unlike the case with the first RTC -a.k.a. the Resolution Trust Corp., a government agency created in the late 1980s to liquidate the assets of failed Savings & Loans)A temporary ban on shortselling. (With the unfortunate implication that shorts are the cause of all this)A federal guarantee on money-market accounts. (Including non-recourse loans to banks to buy high-quality commercial paper and meet money-market obligations.)


1 comment:

Muhammad said...

Nice start Man!

Wish you a good day,,