tag:blogger.com,1999:blog-32850048.post211679290104062787..comments2024-03-18T02:14:50.959-07:00Comments on ADORED BY HORDES: MarcLordhttp://www.blogger.com/profile/17036432624426967890noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-32850048.post-32925273446357550322008-11-29T12:25:00.000-08:002008-11-29T12:25:00.000-08:00Reforms are the only thing that will re-establish ...Reforms are the only thing that will re-establish trust, and reforms mean kicking banker-ass. Paulson can't do that. Volcker can.<BR/><BR/>Meantime, what's the basis of all that leverage? $250 billion to keep the mortgages above water would've softened the landing of everything else.MarcLordhttps://www.blogger.com/profile/17036432624426967890noreply@blogger.comtag:blogger.com,1999:blog-32850048.post-60026839855567791782008-11-29T08:03:00.000-08:002008-11-29T08:03:00.000-08:00The biggest problem with the 4.6 trillion or whate...The biggest problem with the 4.6 trillion or whatever is that almost no structural reforms have taken place. In other words, Paulson is giving them money in the belief that we can releverage ourselves to solvency.<BR/><BR/> But what he doesn't understand is that the fulcrum of trust has cracked and is crumbling. The veil has been torn asunder, and the only thing they have to go on is 1) a hail mary pass to Obama, and/or 2) Christmas, that time of year where we celebrate being fat, dumb, and happy.Still Life Livinghttps://www.blogger.com/profile/01292107281438895770noreply@blogger.com