Plan to Repair U.S. Banking System Unveiled by Former Hedge Fund Manager

The economic house of the United States is ready to collapse upon itself, leaving us exposed and defenseless against the next Great Depression. Bureaucratic handymen with a staple gun and a trillion-dollar roll can't paper over holes in bank balance sheets or fill in the others created by plunging consumer spending.

It won't work.

What is needed - and what would arrest the slide in U.S. housing prices - is a renewed general confidence in protective regulations, and tax incentives for investors to buy troubled assets and to make equity investments in banks.