Comments on: Looking Back At How This Mess Was Created http://20smoney.com/2008/10/01/looking-back-at-how-this-mess-was-created/?utm_source=rss&utm_medium=rss&utm_campaign=looking-back-at-how-this-mess-was-created Aggressive Yet Responsible Wealth Building For 20-Somethings Tue, 22 May 2012 18:25:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Stephen Ponce http://20smoney.com/2008/10/01/looking-back-at-how-this-mess-was-created/comment-page-1/#comment-951 Stephen Ponce Mon, 06 Oct 2008 14:06:24 +0000 http://20smoney.com/?p=245#comment-951 Sorry for the double post but I figured I should give myself some credibility by linking to some more info on android and the future of mobile applications: -> http://www.google.com/intl/en/press/pressrel/20071105_mobile_open.html Sorry for the double post but I figured I should give myself some credibility by linking to some more info on android and the future of mobile applications:

-> http://www.google.com/intl/en/press/pressrel/20071105_mobile_open.html

]]> By: kevin duffey http://20smoney.com/2008/10/01/looking-back-at-how-this-mess-was-created/comment-page-1/#comment-935 kevin duffey Thu, 02 Oct 2008 03:09:25 +0000 http://20smoney.com/?p=245#comment-935 I think banks should be forced to re-capitalize as much as possible using the issuance of new equity and the government should try to encourage similar action to Buffett investing in Goldman Sachs. It penalizes the banks and helps them raise money at the same time. For the banks unable to raise capital this way, I guess the government will need to help them out but it should be done in a way that really discourages future institutions from looking to the government for a bailout. Find ways to penalize them while at the same time providing them with capital to improve liquidity in the system. Just some thoughts... lastly, i hate to say it but i think most in congress want to get this thing done so they can go on vacation or go home and work their campaign to get re-elected. it's a shame, but probably true. I think banks should be forced to re-capitalize as much as possible using the issuance of new equity and the government should try to encourage similar action to Buffett investing in Goldman Sachs. It penalizes the banks and helps them raise money at the same time.

For the banks unable to raise capital this way, I guess the government will need to help them out but it should be done in a way that really discourages future institutions from looking to the government for a bailout. Find ways to penalize them while at the same time providing them with capital to improve liquidity in the system.

Just some thoughts…

lastly, i hate to say it but i think most in congress want to get this thing done so they can go on vacation or go home and work their campaign to get re-elected. it’s a shame, but probably true.

]]> By: rebel http://20smoney.com/2008/10/01/looking-back-at-how-this-mess-was-created/comment-page-1/#comment-928 rebel Wed, 01 Oct 2008 16:30:31 +0000 http://20smoney.com/?p=245#comment-928 I am glad you found that. Some friends of mine and I were discussing this through email, but our memories of the details were unclear. Bottom line, while Bush hasn't helped matters much it is not all his fault. What is odd to me though is that the republicans seem to have short term memory too. They are not bringing this up. Of course, blaming isn't going to fix the mess. I am curious, what do you think should be done? I am glad you found that. Some friends of mine and I were discussing this through email, but our memories of the details were unclear. Bottom line, while Bush hasn’t helped matters much it is not all his fault. What is odd to me though is that the republicans seem to have short term memory too. They are not bringing this up. Of course, blaming isn’t going to fix the mess.
I am curious, what do you think should be done?

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