TARP Repayments Stir Debate: Is Financial Crisis Finally Over?

It's not over until it's over. There is more wisdom in those words than most people realize. Just like a recession, you wouldn't know it for certain until it's well under way. What I can detect is that we are not going to drop into a deep valley, so there is some hope.

My skeptical view is that until fanciful notions of quantifying risk for 'big money high leverage trading' are extinct, the financial crisis is still alive and well.

I'd like to see a return of Glass-Steagall and SEC regulations enforced. Of course, I'd also like to see a world where integrity and goodwill are universally valued above money ....

All of us do our part by planning our budgets and studying our use of savings.

We are back to square one just with tax payers no screwed. How many toxic assets have been sold or written off? Hardly any. Japan redux?

not until the underlying mortgage crisis ends. Thats keeps on chugging along as something like a fifth of US mortgages are underwater.

Not even close. So far, only the subprime mortgages have blown up. Through 2011, AltA, ARM and OptionARM will be reset, triggering blow ups along the way and decimating bank assets, which are already illiquid.

It's more than Japan redux, but rather 1929 redux.

on 6/15/09 8:20 AM rick++ said the following: