Comments on: Links 9/16/08

By: Anonymous

Anonymous — Tue, 16 Sep 2008 11:30:00 +0000

It is great that someone has noticed that 'recapitalization' of the failing business models on Wall St is another misallocation of capital and will worsen the problem rather than alleviate it.

For a guy that has spent a lifetime studying the great depression, Bernanke shows a remarkable lack of vision.

The fact that AIG is to be allowed to canabalize itself is proof enough that these failing business models should be allowed to fail sooner, rather than later.

River

By: saint germain en laye

saint germain en laye — Tue, 16 Sep 2008 08:52:00 +0000

Finance world is very crazy… i can’t believe a big company as Lehman is dead !… poor capitalism…

By: Douglas

Douglas — Tue, 16 Sep 2008 05:37:00 +0000

Especially when Evan-Pritchard states before that: However, the root cause lies in the actions of governments across the Western world.

So the governments caused the problem through the unintended consequences of easy money, but then a sweeping policy with an untold number of other unintended consequences is going to fix it? This doesn't even begin to make sense.

By: Alan von Altendorf

Alan von Altendorf — Tue, 16 Sep 2008 05:26:00 +0000

Evan-Pritchard: As the bankruptcies mount, the state will have an obligation to step in to preserve social stability. If that means the temporary nationalisation of large chunks of the Western economy, so be it.

What a profoundly evil rat.