dippin, I guess it's just hard for me to wrap my head around how bad it is for U.S. banks right now. I suppose, then, if regulation is too much of a long-term solution for what's a crisis now, then I'd rather see the governement float loans to the banks rather than buy them only to sell them later.
These loans would be used for capitalization, but would have regulatory conditions attached to them...conditions that could later be applied in a longer-term solution.
I'm not as keen on these macro issues as I am on micro ones, so I'm not sure this could work.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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