Comments on: The U.S. financial system is effectively insolvent http://www.creditwritedowns.com/2008/09/us-financial-system-is-effectively.html a finance news and opinion site Sun, 21 Mar 2010 18:21:48 +0000 hourly 1 By: Edward Harrisonhttp://www.creditwritedowns.com/2008/09/us-financial-system-is-effectively.html#comment-381 Edward Harrison Sat, 04 Oct 2008 18:17:00 +0000 http://www.creditwritedowns.com/2008/09/the-us-financial-system-is-effectively-insolvent.html#comment-381 anonymous, what you say is 100% true on both counts. Why do you pose the statements as questions and how does that impact whether or not the banking system is solvent? anonymous, what you say is 100% true on both counts. Why do you pose the statements as questions and how does that impact whether or not the banking system is solvent?

]]> By: Anonymoushttp://www.creditwritedowns.com/2008/09/us-financial-system-is-effectively.html#comment-374 Anonymous Fri, 03 Oct 2008 18:27:00 +0000 http://www.creditwritedowns.com/2008/09/the-us-financial-system-is-effectively-insolvent.html#comment-374 But didn't subprime assets and predatory lending add/fuel this crisis? Unqualified homeowners lost their money and now have nothing to spend? But didn’t subprime assets and predatory lending add/fuel this crisis? Unqualified homeowners lost their money and now have nothing to spend?

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2008/09/us-financial-system-is-effectively.html#comment-358 Edward Harrison Tue, 30 Sep 2008 12:15:00 +0000 http://www.creditwritedowns.com/2008/09/the-us-financial-system-is-effectively-insolvent.html#comment-358 pej,<br/><br/>thanks for your comments and post. I don't know how Sheila Bair can keep saying the banking system is well-capitalized. No one believes her. She needs to say to Congress that they must inject new capital so that fewer banks go bust. That would be the smart and right thing to do as an independent regulator. pej,

thanks for your comments and post. I don’t know how Sheila Bair can keep saying the banking system is well-capitalized. No one believes her. She needs to say to Congress that they must inject new capital so that fewer banks go bust. That would be the smart and right thing to do as an independent regulator.

]]> By: pejhttp://www.creditwritedowns.com/2008/09/us-financial-system-is-effectively.html#comment-355 pej Tue, 30 Sep 2008 08:20:00 +0000 http://www.creditwritedowns.com/2008/09/the-us-financial-system-is-effectively-insolvent.html#comment-355 I don't understand nor do I think anybody can in his right mind believe what you just wrote ;-) ;-) ;-) ;-)<br/><br/>As Paulson keep on saying, the "US financial system is safe and sound" !!! <br/><br/>Also, the FDIC thinks the same. I guess they know better than us!<br/><br/>I deal with this insolvency issue on my post here as well: <a HREF="http://realitylenses.blogspot.com/2008/09/commercial-banking-system-in-united.html" REL="nofollow" rel="nofollow">The US Banking System is well capitalized</a>.<br/><br/>Keep up the good work :-) I don’t understand nor do I think anybody can in his right mind believe what you just wrote ;-) ;-) ;-) ;-)

As Paulson keep on saying, the “US financial system is safe and sound” !!!

Also, the FDIC thinks the same. I guess they know better than us!

I deal with this insolvency issue on my post here as well: The US Banking System is well capitalized.

Keep up the good work :-)

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