MOi nguoi oi : Put the chips on the table co' nghia~ la` j`
Ko biet day co' phai ngon ngu long' j`k o?? Hlp help
MOi nguoi oi : Put the chips on the table co' nghia~ la` j`
Ko biet day co' phai ngon ngu long' j`k o?? Hlp help
Nghĩa là: Chứng minh tất cả của cải, tiên bạc, bất động sản ....
Một cá nhân hay một cơ sở kinh doanh, hay nhà băng phải cho thấy, chứng minh tất cả của cải, tiên bạc, bất động sản ...(assets) trước khi được vay mượn vốn; như vậy nếu vì lý do gi làm ăn thất bại hết vốn vẫn có thế hoàn trả tiền vay mượn lúc ban đầu nhờ vào assets tồn trử (chưa bao giờ bị bán, nhượng....)
Last edited by MANH NGUYEN; 01-26-2009 at 03:24 AM.
Luc' minh` len google search y' : Co' mo^t. ca^u noi' cua? ong Bush co' cum. tu nay day. Moi nguoi thu len google search xem
GEORGE BUSH, PRESIDENT OF THE UNITED STATES OF AMERICA: I will be known as somebody who saw a problem and put the chips on the table to prevent the economy from collapsing.
I'm a free market guy, but I'm not going to let this economy crater, in order to preserve the free market system.
Dua theo loi giai thich cua bai bao, Tong Thong Bush muon noi la khi ong ta thay kinh te co van de vi may nha bank khong dam cho nha bank khac muon tien vi so nha bank khac khong co kha nang tra, nen ong ta bat may nha bang cong khai tai chanh cua minh va cho khai pha san may nha bang lam an lo la. Lam nhu vay nhung nha bang con lai moi dam cho muon tien.
A simple analogy will help illustrate this point. Imagine that you are playing poker with 10 people and that you learn that a minority of them is broke and would not pay you if they lose. You don't know, however, who the ones are who won't pay. In this environment, the risk of losing would be too high even if you know that most of the players are perfectly sound financially and would pay up if they lose.
In this environment, any rational card player would stop making bets until the true solvency position of each player is revealed and the bankrupt ones are expelled from the game. Having insolvent players sitting at the table spoils the game.
This is what is happening in the banking system -- only worse, because in poker you would only fail to collect the pot if you played with an insolvent player, while in the banking system you would lose your bets if you lend to an insolvent bank. Liquidity preference will not subside until the losses are made explicit, written off and absorbed.
To achieve this you simply let the illiquid borrowers and their financiers go bankrupt. This is how financial crises were solved in the 19th century. The method was expensive because commercial banks are central to the operation of the payments system and their uncontrolled failure can cause enormous damage to the economy.
Yet the alternative, continuing to play poker with failed players, also causes enormous damage. This is because the resources that could be used to spur economic recovery are not allocated due to lack of information. Worse still, resources are taken from the efficient to keep insolvent banks and companies operating.
The government must allow bank losses to come to the surface. The $700 billion rescue fund can be used for this purpose -- absorbing the losses and weeding out the failed players. How do we accomplish this? By forcing the failed commercial banks to write off their losses then asking the owners to compensate for the losses with new capital. If they don't do it, the government takes over and recapitalizes the banks by purchasing the bad loans at their nominal value (as if they had not been written off). This no longer benefits the previous owners, who have already abandoned the table. The government then sells the banks, making a loss equal to the write-offs.
The $700 billion rescue fund will more than cover this approach. The fund should not be used to hide the losses in the accounts of the financial system by pretending that the government will recover all of them, as is the case now. This will only prolong the paralysis of the world economy, and ruin an otherwise winnable poker game.
Last edited by chickendog; 01-27-2009 at 10:50 AM.