*SCALPSWINGSTRADDLE*

[cal_pn]

Right, whatever it is currently done is some sort of lipstick approach only. There are real losses still everywhere and somebody has to pay for it, switching it in a thousand ways from private to public and back to some kind of fake private which is effectively paid by the taxpayer does not create value out of crap again.

Just prevents recovery because you have to clean it completely out of the system as soon as possible before the system starts to operate again.

Banks will be forced to put down their pants soon though accounting rule changes help to fool some less informed public for some additional time. Government just tries to avoid another official Lehman headline after they promised it but some big banks are virtually undead and just suck in more good money and more and more printed money. The problem is that the banks remain in some kind of stand-by-mode in terms of lending money to the real economy, so the credit markets remain frozen. Sacrifice the banks now and get the real economy going again not vice versa. All bright minds from Harvard etc. doing research in this field suggest it. But Wall Street obviously still owns the government.

Government's approach is wrong because it is not aggressive enough. Better end it as soon as possible in order to get a proper restart of the system.

Reminds me of a windows breakdown on your personal computer, you wait and wait but at the end of the day you finally lose patience and press the reset button which is the only thing that helps. Obama will look weak soon when this mistake gets more and more clear to the public.