http://pragcap.com/rosner-losses-will-be-staggering Sun, 12 Feb 2012 04:27:37 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://pragcap.com/rosner-losses-will-be-staggering/comment-page-1#comment-830 Anon Tue, 21 Apr 2009 05:07:22 +0000 http://pragcap.com/rosner-losses-will-be-staggering#comment-830 You're not missing anything. This is a debt crisis caused by too much debt. A certain portion of that debt must be eliminated because it can't be serviced. The only way to do that is to go thru FDIC receivership...TPC has been calling for this for almost a year. You're not missing anything. This is a debt crisis caused by too much debt. A certain portion of that debt must be eliminated because it can't be serviced. The only way to do that is to go thru FDIC receivership…TPC has been calling for this for almost a year.

]]> http://pragcap.com/rosner-losses-will-be-staggering/comment-page-1#comment-829 CAP Tue, 21 Apr 2009 04:21:20 +0000 http://pragcap.com/rosner-losses-will-be-staggering#comment-829 It's difficult to see any other option but the complete nationalization of the banks. We already have a de facto nationalization but with the government trying to protect bond holders and share holders. As earnings continue to deteriorate market cap almost has to go to zero, at which point the government has no choice but to step in and take over. What am I missing? It's difficult to see any other option but the complete nationalization of the banks. We already have a de facto nationalization but with the government trying to protect bond holders and share holders. As earnings continue to deteriorate market cap almost has to go to zero, at which point the government has no choice but to step in and take over. What am I missing?

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