Comments on: How a Top Asset Manager Recommends We Fix the Financial System http://dailyreckoning.com/how-a-top-asset-manager-recommends-we-fix-the-financial-system/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Mon, 15 Mar 2010 18:58:56 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: tony bonn http://dailyreckoning.com/how-a-top-asset-manager-recommends-we-fix-the-financial-system/#comment-37037 tony bonn Wed, 04 Nov 2009 16:11:51 +0000 http://dailyreckoning.com/?p=19774#comment-37037 while i support mr grantham's suggestions he has failed to pay his clue phone bill.... the tbtf banks will never be broken up because they house the fed's interest rate swaps which it uses to manage interest rates to zero or wherever else it wants them.... these irs produce nearly insatiable demand for treasuries. without addressing the irs it is utterly impossible to consider banking reform. sorry. he might have spunk but he will not get the job done. while i support mr grantham’s suggestions he has failed to pay his clue phone bill….

the tbtf banks will never be broken up because they house the fed’s interest rate swaps which it uses to manage interest rates to zero or wherever else it wants them….

these irs produce nearly insatiable demand for treasuries. without addressing the irs it is utterly impossible to consider banking reform. sorry.

he might have spunk but he will not get the job done.

]]> By: sierra http://dailyreckoning.com/how-a-top-asset-manager-recommends-we-fix-the-financial-system/#comment-37032 sierra Wed, 04 Nov 2009 15:46:13 +0000 http://dailyreckoning.com/?p=19774#comment-37032 What a joke! What "free market" system? The idea of a "free market system" exists only in the first split second of a "financial handshake" between two parties. Immediately after one or the other strives for the "competitive advantage" that usually ends up in great conflict. As long as we have politics mixed up with finance we will have trouble...We need a "firewall" of strict regulation between the brutal, unconscionable power of capital and the necessary needs of society. The "free market" concept is an illusion at best. What a joke!
What “free market” system?
The idea of a “free market system” exists only in the first split second of a “financial handshake” between two parties.
Immediately after one or the other strives for the “competitive advantage” that usually ends up in great conflict.
As long as we have politics mixed up with finance we will have trouble…We need a “firewall” of strict regulation between the brutal, unconscionable power of capital and the necessary needs of society.
The “free market” concept is an illusion at best.

]]> By: DP http://dailyreckoning.com/how-a-top-asset-manager-recommends-we-fix-the-financial-system/#comment-36999 DP Wed, 04 Nov 2009 11:39:16 +0000 http://dailyreckoning.com/?p=19774#comment-36999 Great idea. Let's get the government tinker in yet another area of our "free" market system. Great idea. Let’s get the government tinker in yet another area of our “free” market system.

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