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Weekly post from Dr. John Hussman's web site.
Link
http://www.hussmanfunds.com/wmc/wmc100125.htm
Summary:
- Allow FDIC to take over non-bank financial entities.
- Make a large part of bank capital converitble to equity.
- Remove philosopy of to big to fail
- Re-enstate Glass-Stegal or some variant of it
- Only allow CDS as hedge against actual holdings.
- Require originator of securitized mortgages to retain substantial equity position.
- Write toxic assets down to real value
- Fire Uncle Ben and Turbo Timmy.
I think there is a lot more to do but this is a good start.
Link
http://www.hussmanfunds.com/wmc/wmc100125.htm
Summary:
- Allow FDIC to take over non-bank financial entities.
- Make a large part of bank capital converitble to equity.
- Remove philosopy of to big to fail
- Re-enstate Glass-Stegal or some variant of it
- Only allow CDS as hedge against actual holdings.
- Require originator of securitized mortgages to retain substantial equity position.
- Write toxic assets down to real value
- Fire Uncle Ben and Turbo Timmy.
I think there is a lot more to do but this is a good start.