Moreover, as I haverepeatedly argued, Summers, Geithner and Bernanke's entire plan seems to be to restart the great leverage machines, but that this plan is doomed to failure.
Specifically, I have argued for months that the boys believe that if they can just re-start the shadow banking system and lever the economy back up, that all boats will be lifted, asset prices will rise (and the "toxic assets will regain their "true" higher value), and the whole economy will be afloat once again, so that we can go merrily sailing onto paradise.
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