Wednesday, January 28, 2009

Toxic Financial Asset Dump

It seems to me that taxpayers should not be the owners of last resort of assets at above market valuations.

As a taxpayer, and as one of the lenders and owners of last resort, I want to own these so-called toxic financial assets at reasonable prices.

It does seem to me that we the people, as the lenders and owners of last resort, through government operations, should be stabilizing markets, investing in the future and providing productive goods and services.

Reflections on the future:

If I make the assumption that we are all going to be living longer.

And that we are wiser and still productive as we age.

And that competition is less important to each of us, the longer we live.

Then as productive citizens and taxpayers, being the lenders and owners of last resort, through government operations, we the people should compete with the capital markets of the world, making sure that our lending and investing maximizes wealth and long-term prosperity for ourselves and for our posterity.

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