Another Dispatch from Reuters

[CARLHAYDEN]

The British press has in many instances provided better reporting of economic matters than the American press (especially Financial Times and Reuters). 

Here is a url for a Reuters article on a possible 'son of TARP' being proposed due to the impact of the commercial real estate loans I discussed in an earlier post.

http://www.reuters.com/article/newsOne/idUSTRE57A0JO20090811

[CARLHAYDEN]

"The U.S. Treasury Department should consider expanding programs to cleanse troubled assets from bank balance sheets if current efforts fail to restart markets or if economic conditions worsen, a U.S. bailout watchdog panel said on Tuesday."

I think the market needs to take care of the corporate real estate mess.

Good to hear it.

Unfortunately, Obama and his minions are looking for more government as the panacea for all problems.