Fixing the Financial Markets Mess
Here’s a very smart solution to the current financial market crisis. “Dr Jon” highlights the key dimensions for success for the $700 Billion bailout:
- financial transparency
- mark-to-market
- liquidity
- trade these “bad” assets on the open market (don’t just give the money to a few Wallstreeters with no accountability and transparency
- provide upside to the taxpayers
More excellent commentary by Fred Wilson on whether to Splurge vs. No Splurge and Mark Cuban on creating an open market for these financial instruments / “assets”.
If you’re on Twitter, follow Andy Finkle, Fred Wilson, Howard Lindzon, atask and others to learn more.
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