Comments on: There’s no reset button http://blogs.reuters.com/globalinvesting/2009/03/03/theres-no-reset-button/ Insights behind the investment headlines Wed, 16 Nov 2016 21:43:49 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Geoffrey Cope http://blogs.reuters.com/globalinvesting/2009/03/03/theres-no-reset-button/comment-page-1/#comment-1424 Mon, 09 Mar 2009 06:40:48 +0000 http://blogs.reuters.com/globalinvesting/?p=1443#comment-1424 Lack of regulation has given world trading back to the Governments. It is wrong to expect a quick fix. Politicians even who are dedicated to the responsibility through Socialist ideology do not have in this crisis the experience or money to save the present position. Take a soft landing if we can get it, and then let it fall to the level where it stabilizes and re-build on good sound financial basis. We do not need rocket science, just good common sense.

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By: Kevin http://blogs.reuters.com/globalinvesting/2009/03/03/theres-no-reset-button/comment-page-1/#comment-1405 Wed, 04 Mar 2009 22:26:48 +0000 http://blogs.reuters.com/globalinvesting/?p=1443#comment-1405 Taxpayers are compelled by law to pay taxes to their governments; the federal government through the Treasury and Federal Reserve are rewarding carelessness and abject greed by bailing out these very same people who caused this crisis in the first place.

These cheating card sharks of the “shadow banking system” (gee, I had a mathematical formula that guaranteed that I would be paid first…) and AIG- an insurance company that bet the farm by guaranteeing both sides of very dangerous gambles, have squandered private fortunes and now are squandering public fortunes. Now the entire country is in play.

Capitalism works and Socialism is a failure but Capitalism needs rules- regulation and transparency. It is time to bust up these sloth-built banks and dinosaur corporations. TOO BIG TO FAIL, IS TOO BIG. PERIOD.

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By: Fed up http://blogs.reuters.com/globalinvesting/2009/03/03/theres-no-reset-button/comment-page-1/#comment-1403 Wed, 04 Mar 2009 11:54:26 +0000 http://blogs.reuters.com/globalinvesting/?p=1443#comment-1403 Reports of gloom and doom are no longer news. Why don’t the purveyors of these happy tales just borrow from the Book of Revelations, do a little word smithing, and offer the result as their forecast?

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By: Random Numbers http://blogs.reuters.com/globalinvesting/2009/03/03/theres-no-reset-button/comment-page-1/#comment-1402 Wed, 04 Mar 2009 10:49:51 +0000 http://blogs.reuters.com/globalinvesting/?p=1443#comment-1402 There actually is a reset button: Let failed companies fail and die. Expending more resources in propping up failed business models only spreads, increases, and prolongs the pain. The end result of the Bush/Obama “too big to fail” policy is a stagnant or declining market where success is determined more by pull in the houses of politicians than performance in the market.

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By: Morris http://blogs.reuters.com/globalinvesting/2009/03/03/theres-no-reset-button/comment-page-1/#comment-1400 Tue, 03 Mar 2009 20:57:19 +0000 http://blogs.reuters.com/globalinvesting/?p=1443#comment-1400 Bernanke defends AIG rescue, says U.S. had no choice.
There is always a choice.
If you have 100 million dollars would you buy AIG stock or buy US Treasury bonds which are is used by government to bailout AIG. I know in today market I would buy the Treasury Bonds.
Therefore why would anyone invest in AIG, CITG, or other shaky banks when the government will be selling more Treasury Bonds after it gives out more bailout money.
Last is reason for saving AIG because it has Congress Federal Employee retirement fund?

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By: Jeremy Tager http://blogs.reuters.com/globalinvesting/2009/03/03/theres-no-reset-button/comment-page-1/#comment-1398 Tue, 03 Mar 2009 20:21:21 +0000 http://blogs.reuters.com/globalinvesting/?p=1443#comment-1398 Deregulation doesn’t work. Capitalism is a failure. Rather than governments bailing out corporations they should be breaking those corporations into cooperative and local businesses and the government should amend legislation so that corporations no longer have rights beyond those of you and I…They are not people and should not be protected from the effects of their greed, stupidity and negligence. Finally, they should be removed as far as possible from the political system – where they have given us the best governments that money can buy.

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By: sanket http://blogs.reuters.com/globalinvesting/2009/03/03/theres-no-reset-button/comment-page-1/#comment-1397 Tue, 03 Mar 2009 19:20:03 +0000 http://blogs.reuters.com/globalinvesting/?p=1443#comment-1397 referring to MR Mohamed El-Erina’s comments about how the government is going to play a important role in the economy restructuring,i think we are headed to an eventual nationalization of banks in the US. does this mean end of capitalism may be not in fact it could lead to a new avatar of capitalism one that of responsibility and less greed.

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By: webmed http://blogs.reuters.com/globalinvesting/2009/03/03/theres-no-reset-button/comment-page-1/#comment-1395 Tue, 03 Mar 2009 16:24:40 +0000 http://blogs.reuters.com/globalinvesting/?p=1443#comment-1395 In the Globe and Mail, Brian Milner assails “the professional purveyors of doom and the opportunistic politicians who, to paraphrase an aide to U.S. President Barack Obama, consider a crisis of any kind a terrible thing to waste.” (http://business.theglobeandmail.com/ser vlet/story/RTGAM.20090227.wtakingstock02 28/BNStory/SpecialEvents2/home) Milner warns us against “a psychological phenomenon known as the Recency Effect”:
“When you reach extremes, emotion causes people to justify a continuing trend and ignore history and long-term data,” says SMU finance professor Brian Bruce.
What do you think about this problems potential impact on the economy?

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