benzdealeror2 -- there is reason to move to avoid renewed contraction/deflation -- thing is, if the banks, the big ones, do finally just implode, then we really will have to, and will, see much more federal government involvement in and control over what's left, at least for some period of time -- it simply will have to step in at the least to secure/preserve/in significant part operate basic flow of funds, and if anything's to be done short of a TOTAL crash and burn to fill at least some gaps in providing needed (operating) credit -- what's been done so far has been, and the continuing more conventional/less drastic measures are, designed and intended precisely to (do what can be done to) avoid the development of that sort of a less conventional/more drastic scenario
and as to those derivatives -- in my estimation, an area the feds should regulate, and aggressively, beginning with the question of whether/the extent to which they, and which of them in what forms, should be legal at all
Greensburg, KS - 5/4/07
"Eternal vigilance is the price of Liberty."
from John Philpot Curran, Speech
upon the Right of Election, 1790
F6
