Comments on: A few thoughts about the banking crisis response in the United States http://www.creditwritedowns.com/2009/03/a-few-thoughts-about-the-banking-crisis-response-in-the-united-states.html Sat, 21 Nov 2009 08:48:41 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: M.G. in Progress http://www.creditwritedowns.com/2009/03/a-few-thoughts-about-the-banking-crisis-response-in-the-united-states.html/comment-page-1#comment-4428 M.G. in Progress Wed, 18 Mar 2009 11:57:18 +0000 http://www.creditwritedowns.com/?p=7171#comment-4428 At this stage... WindDowns At this stage… WindDowns

]]> By: Edward Harrison http://www.creditwritedowns.com/2009/03/a-few-thoughts-about-the-banking-crisis-response-in-the-united-states.html/comment-page-1#comment-4427 Edward Harrison Wed, 18 Mar 2009 11:51:11 +0000 http://www.creditwritedowns.com/?p=7171#comment-4427 M.G., spot on. Let's wind these things down. Nationalization should be pre-privatization or pre-liquidation. What we're getting is zombiefication. What should my new blog name be? M.G.,

spot on. Let’s wind these things down. Nationalization should be pre-privatization or pre-liquidation. What we’re getting is zombiefication.

What should my new blog name be?

]]> By: M.G. in Progress http://www.creditwritedowns.com/2009/03/a-few-thoughts-about-the-banking-crisis-response-in-the-united-states.html/comment-page-1#comment-4425 M.G. in Progress Wed, 18 Mar 2009 10:58:17 +0000 http://www.creditwritedowns.com/?p=7171#comment-4425 Alleluia!!! Breaking News US to 'wind down' AIG in 'orderly way': Geithner http://uk.news.yahoo.com/18/20090318/tpl-us-to-wind-down-aig-in-orderly-way-g-10170b4.html Amen to AIG. Let's not start to ask if it could have been done before. Of course it could, but few things needed to be "settled"...and now financial markets are happy! It was the buy time strategy... It's definitely good news as one of the systemic risk originator is "gone". Now they can also work on the famous list of counterparts and possibly do the same in a systematic and orderly way. It's the present decision which counts for the credit markets and the financial system to resume working properly. If write-downs are difficult at least let's proceed with wind-down straight away in orderly and systematic way. What about changing the title of this blog? Alleluia!!!

Breaking News
US to ‘wind down’ AIG in ‘orderly way’: Geithner

http://uk.news.yahoo.com/18/20090318/tpl-us-to-wind-down-aig-in-orderly-way-g-10170b4.html

Amen to AIG.

Let’s not start to ask if it could have been done before. Of course it could, but few things needed to be “settled”…and now financial markets are happy! It was the buy time strategy…
It’s definitely good news as one of the systemic risk originator is “gone”. Now they can also work on the famous list of counterparts and possibly do the same in a systematic and orderly way. It’s the present decision which counts for the credit markets and the financial system to resume working properly.

If write-downs are difficult at least let’s proceed with wind-down straight away in orderly and systematic way. What about changing the title of this blog?

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