Although I am the holder of a U.S. patent on a complex financial model, I am befuddled and confused by the financially engineered structures and the thought process that defines TALF -- the Term Asset Loan Facilities program Survival of American industry must be the noblest of all our causes. This will mean direct lending to small and middle market companies through a TALF structure that allows alternative lenders to use government funds, side by side with its own, to provide desperately needed funds to companies struggling for continued existence.
This must be our foremost priority as absent employment, credit cards, auto loans and home mortgages are out of reach to our nation's people. If we return to the genesis of our ultimate objective and carefully construct programs that accomplish such ambition, we might actually achieve the exodus from this financial nightmare that seems, at this very moment, absolute in its reach and infinite in duration.
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I post this one to show you what bad shape we're really in. She's probably unaware of Austrian economics but she's had enough real world experience to at least realize we need to focus on small and mid-size businesses. Ogabe is all about propping up his paymasters and funding morons. Lynn is certainly right about "infinite in duration" if we keep that up.
clipped from www.thestreet.com