Comments on: Can Geithner’s public-private partnership get it done? http://www.creditwritedowns.com/2009/03/can-geithners-public-private-partnership-get-it-done.html a finance news and opinion site Sun, 21 Mar 2010 18:21:48 +0000 hourly 1 By: Dr. Bryant Whitehttp://www.creditwritedowns.com/2009/03/can-geithners-public-private-partnership-get-it-done.html#comment-4598 Dr. Bryant White Wed, 01 Apr 2009 17:42:45 +0000 http://www.creditwritedowns.com/?p=7360#comment-4598 I am willing to fund your project as long as it is worth it.Get back to me with more detailed information as regards to that and we can proceed. you can contact me via bryantwhite@rediffmail.com Sincerely, Dr. Bryant White I am willing to fund your project as long as it is worth it.Get back to me with more detailed information as regards to that and we can proceed.
you can contact me via bryantwhite@rediffmail.com
Sincerely,
Dr. Bryant White

]]> By: Evening Reading: Geithner’s Plan a Day Later | Blogoboro.com Blogshttp://www.creditwritedowns.com/2009/03/can-geithners-public-private-partnership-get-it-done.html#comment-4526 Evening Reading: Geithner’s Plan a Day Later | Blogoboro.com Blogs Wed, 25 Mar 2009 18:27:03 +0000 http://www.creditwritedowns.com/?p=7360#comment-4526 [...] Edward Harrison over at Credit Writedowns writes: “To cut to the chase, I believe this strategy could be successful in rekindling some consumer demand and increasing credit liquidity. However, the strategy will not be successful in eliminating the underlying causes of our crisis — excessive leverage and insolvency — and therefore systemic risk will remain.” [...] [...] Edward Harrison over at Credit Writedowns writes: “To cut to the chase, I believe this strategy could be successful in rekindling some consumer demand and increasing credit liquidity. However, the strategy will not be successful in eliminating the underlying causes of our crisis — excessive leverage and insolvency — and therefore systemic risk will remain.” [...]

]]> By: Edward Harrisonhttp://www.creditwritedowns.com/2009/03/can-geithners-public-private-partnership-get-it-done.html#comment-4508 Edward Harrison Tue, 24 Mar 2009 11:45:10 +0000 http://www.creditwritedowns.com/?p=7360#comment-4508 stevie, I hate being bearish but the data point in that direction. I still am looking for a Japanes scenario i.e. a slow-moving depression punctuated by cyclical rebounds. But, the carnage has been so large and the savings in the U.S. is much less than it was in Japan. Moreover, Japan was alone in its lost decade. Now, everyone is getting scarred. So, my baseline scenario is for a cyclical uptick in the summer. Afterwards, the full measure of the crisis will be apparent. Let's see what happens. stevie, I hate being bearish but the data point in that direction. I still am looking for a Japanes scenario i.e. a slow-moving depression punctuated by cyclical rebounds. But, the carnage has been so large and the savings in the U.S. is much less than it was in Japan. Moreover, Japan was alone in its lost decade. Now, everyone is getting scarred. So, my baseline scenario is for a cyclical uptick in the summer. Afterwards, the full measure of the crisis will be apparent. Let’s see what happens.

]]> By: Stevie b.http://www.creditwritedowns.com/2009/03/can-geithners-public-private-partnership-get-it-done.html#comment-4507 Stevie b. Tue, 24 Mar 2009 08:13:41 +0000 http://www.creditwritedowns.com/?p=7360#comment-4507 "If asset price declines have indeed been overdone, many troubled institutions are stressed more due to ‘irrational despondency’ than any inherent capital inadequacy. On the other hand, if asset price declines represent a reversion to the mean, large swathes of the banking sector are effectively insolvent."Ed - succinctly put. As the latter seems obviously correct, looks like we've had it. Don't you think it all seems to point to the fact that hbl's comments in your piece http://www.creditwritedowns.com/2009/03/stephen-roach-is-still-bearish-no-recovery-until-2010.htmlare right on the money? “If asset price declines have indeed been overdone, many troubled institutions are stressed more due to ‘irrational despondency’ than any inherent capital inadequacy. On the other hand, if asset price declines represent a reversion to the mean, large swathes of the banking sector are effectively insolvent.”

Ed – succinctly put. As the latter seems obviously correct, looks like we’ve had it. Don’t you think it all seems to point to the fact that hbl’s comments in your piece

http://www.creditwritedowns.com/2009/03/stephen-roach-is-still-bearish-no-recovery-until-2010.html

are right on the money?

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