{"id":2307,"date":"2009-02-26T09:07:14","date_gmt":"2009-02-26T16:07:14","guid":{"rendered":"http:\/\/montaraventures.com\/blog\/?p=2307"},"modified":"2009-02-26T09:07:14","modified_gmt":"2009-02-26T16:07:14","slug":"does-anyone-find-it-ironic","status":"publish","type":"post","link":"https:\/\/montaraventures.com\/blog\/2009\/02\/26\/does-anyone-find-it-ironic\/","title":{"rendered":"Does Anyone Find it Ironic"},"content":{"rendered":"<div style=\"float: right; margin: 10px;\"><img decoding=\"async\" src=\"https:\/\/montaraventures.com\/blog\/wp-content\/2009\/02\/monopoly-money1.jpg\" alt=\"Monopoly Money\" \/><\/div>\n<p>Does anyone find it ironic that the thing that got the economy into this mess was irresponsible borrowing (and lending) en mass at a personal level and that the solution is large-scale borrowing (en masse through the government) to get out? I&#8217;m pretty uneasy about all of this, it&#8217;s like Monopoly money &#8211; there is no connection to reality. A $1,750,000,000,000 ($1.75 trillion dollar) <a href=\"https:\/\/news.yahoo.com\/s\/nm\/20090226\/bs_nm\/us_obama_budget_13\" target=\"_blank\" >deficit<\/a>, really?<br \/>\n<br \/>\nI wonder if a better, more sustainable solution is to work through the balance sheet of every bank with more than $1B of &#8220;assets&#8221; to determine what the real asset value is and balance that against the liability and then simply to do some sort of mass &#8220;reset&#8221; to get assets linked to something tangible and physical.<br \/>\n<br \/>\nAt core, this crisis is about trust or lack thereof. If entity A asks for a loan from entity B, how can entity B know that entity A&#8217;s assets and credit worthiness isn&#8217;t based on air? I fail to see how the present plans proposed by the Obama Administration or the objections raised by the loyal(?) opposition Republicans address this issue.<br \/>\n<br \/>\nI&#8217;m very, very concerned.<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Does anyone find it ironic that the thing that got the economy into this mess was irresponsible borrowing (and lending) en mass at a personal level and that the solution is large-scale borrowing (en masse through the government) to get out? I&#8217;m pretty uneasy about all of this, it&#8217;s like Monopoly money &#8211; there is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,24],"tags":[],"_links":{"self":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/2307"}],"collection":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/comments?post=2307"}],"version-history":[{"count":3,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/2307\/revisions"}],"predecessor-version":[{"id":2311,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/2307\/revisions\/2311"}],"wp:attachment":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/media?parent=2307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/categories?post=2307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/tags?post=2307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}