Where is the trust that the financial system is suppose to be based on? Has it sunk in yet how gamed the system is? Enrichment of the elites and theocratic fascism for a political scheme.

This is America? Obama is going to do what?

They are attempting to reverse engineer a healthy credit market by controlling the indicators- totally absurd!

I'll repeat my earlier post: Through the first 10 months of 2008, world markets have lost about $16.22 trillion, according to S&P research. Furthermore, the size of the world stock market was estimated at about $60.9 trillion USD at the end of 2007, thus the loss of almost a third of global sharevalue is a wakeup call for global financial systemic failure.

> The "bailout" is not in proportion to the problem and the overhang of derivatives is like a tsunami of expensive and difficult debt that will wipe out many countries. Perhaps The Obama folks will shut down the Chicago derivative casino — but I doubt it and unfortunately, the derivative casino may shut down Obama and America. I'd like to be wrong on that!

I know many non-biz journalists have been re-assigned to write on the Debt Unwind crisis, but how do you write about lending contraction and not raise the issue of creditworthiness? How do you assemble so many quotes and stats on declining economic prospects and not tie it to over-capacity and over-supply which diminishes the viability of new deals? How do you not tie it to over-leveraged and weakened borrowers with deteriorating creditworthiness?
How?
It’s not just this piece; these creditworthiness oversights have been rampant in biz journalism since September when Paulson/Bernanke concocted that plan to buy troubled assets.

So right now, while all the focus is on central bank, interbank and money market lending and credit measures–all of which might be the “heart” of the system, one can’t focus, that while the heart has now been defibrillated, blood is not flowing to the extremities. There has been zero improvement in “main street” lending.

The more rates go down the less incentive lenders have to lend money to increasingly uncreditworthy borrowers because lenders are not being adequately compensated for the risks they are taking on with artificially suppressed rates in the current deflationary environment. The central banks apparently won’t be satisfied until they are the only banks willing to lend out money.

You’d think these guys would have learned their lesson by now.