Leave Afghanistan - The Best Path ?

US Today: A must read article on why the West should leave Afghanistan. The article follows my own views as stated many times in this blog, leave Afghanistan and bomb from over the border. The effect Afghanistan will become a free fire zone, the terrorists will have no ware to hide, the loss of troops will be low. Read of the Day.

Taking over the Banks

Washington Post: Reports that the Obama Administration has changed the rules of the government support for Banks, they will now take an ordinary share holder interest in the banks, this means its under government control all but name. The Obama Administration should go all the way, take over all the banks in debt, clean the banks of all bad debt, create a tougher regular control of the Banks and Wall Street. Then after the banks are solvent they should be sold back to the private sector but with the US Tax Payer getting something out of the deal, lower House payments or differed payments. The banks by law should be forced under the right financial conditions to lend to small business and states such as California. The Obama Administration should not raise taxes or try to create a National Health Service in the UK model. The raise of taxes would hurt the economy, the NHS is a constant drain in the UK.

TAKING OVER THE BANKS AND OTHER FINANCIAL INSTITUTIONS!

The New York Times: Reports that US Banks and other financial business will need more billions if they are not go to broke. The Take over of in debt banks and other financial business is the last option the Times reports. If these business need more billions the question has to be asked, at what point do you say NO. What point do you let them go to the wall, the argument that if these banks and other sectors fail they will make the financial crisis worse, well is it not better to let these in debt companies go broke and start afresh. At what point does it become welfare because you afraid of the other result. It is tough question and there will come a time when the Obama Administration will not have the money to spend.

Nationalization of US Citigroup Bank ?

Politico: Reports on a meeting between Citi and the White House, could the US Government become a major shareholder in the bank. The Obama Administration should take over the US banking system, it should have look at the books, clean out all the bad debt and then return the banks to private sector once they are back in credit. This bank by bank approach could make the Banking and Wall Street Crisis last for months and years.