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I was speaking to a standing-room-only crowd at a North Carolina investing conference recently when a sharply worded question soared over the group from a gentleman seated in the back row – and who was clearly agitated by my analysis of the whole bailout-plan situation.
“How would you have handled it differently, Mr. Smarty-Pants?” he asked, in a challenging voice.
What I’m about to say is academic because – when it comes to the bailout plan – “Bernanke, Paulson & Co.” has already made up its mind.
About the Author
Keith is a seasoned market analyst and professional trader with more than 37 years of global experience. He is one of very few experts to correctly see both the dot.bomb crisis and the ongoing financial crisis coming ahead of time - and one of even fewer to help millions of investors around the world successfully navigate them both. Forbes hailed him as a "Market Visionary." He is a regular on FOX Business News and Yahoo! Finance, and his observations have been featured in Bloomberg, The Wall Street Journal, WIRED, and MarketWatch. Keith previously led The Money Map Report, Money Map's flagship newsletter, as Chief Investment Strategist, from 20007 to 2020. Keith holds a BS in management and finance from Skidmore College and an MS in international finance (with a focus on Japanese business science) from Chaminade University. He regularly travels the world in search of investment opportunities others don't yet see or understand.
It is my opinion that to restore faith in our free market and help tax-payer/Home-owners defaulting on their sub-prime loans and not so sub-prime loans, we need to infuse these mortgages with new creatively designed but effective long term affordable fixed rate loans with needed funds. We would thereby also infuse confidence into the mortgage backed securities that have lost value. This move would help reduce if not eridicate the mortgage defaults, help families keep their homes, rekindle the housing market… and restore some confidence in and on Wall Street. And last but not least… the American Taxpayers WOULD support… Read more »
plz im to now not undrstand thanx
"On the Bailout" I e-mailed the following to all Senators on the Senate Banking Committee,and the two major Presidentioal candidates. To date I have 4 replys, none addressing the letter. There have been no replys from the presidential candidates. Possibly most Senators and the presiential candidates are overworked and we should reduce their work load on election day. Dear Senator; I have been following the monitory crisis and our Country's attempts to find a solution to it with deep concern. I must say that I find congresses attempt to find a fair and equitable solution to these crises hopeful. It… Read more »
[…] Money Morning Market Commentary: Since You Asked … Here's How I Would've Fixed the Fiasco. […]
Please clarify what you are suggesting…
You want us to invest in the environmental clean up of China's polluted waters. Does this entail giving any money to China (Proud sponsor of GENOCIDE.)?? Would we be taking money from China through investments in American Companies?
I detest China's funding the Genocide in Darfur. I do not purchase ANYTHING mfg. in China nor do I support any environmental or other charitable organizations or financial institutions which deal in goods &/or services that financially benefit China.
Please respond in clear, concise manner. Thanking you in advance for your answer.