Soros Plan - Recapitalise the Banks

[oddlots]

Not the first to point out that recapitalising the system is right idea (Chris Whalen, Roubini among others have as well, this is well laid out and explained...

http://www.ft.com/cms/s/0/d68e10cc-8f45-11dd-946c-0000779fd18c.html

[Mega]

Thing is............Even if GOD came down to earth and "wished" away ALL the debt.............what would we have?

No Saving
Spending not producing

& God's busy right now!
Mike

[jtabeb]

Thing is............Even if GOD came down to earth and "wished" away ALL the debt.............what would we have?

No Saving
Spending not producing

& God's busy right now!
Mike

No, you would have injected a SHit load of new income into the PCE that has been freed from debt service. Sometimes the glass really is half full Mega:)