Financial Recovery Efforts

             

I have commented that much of the lack of success in financial bailouts can be attributed to the fact our experts come from a community attuned to short-term. On Wall Street, the long-term is a few weeks, despite the grandiose talk of planning used in marketing literature.

                       

This short-term psychology is evident in the manner by which bailout efforts are undertaken during financial emergencies.

                       

Often that error is enforced by government in the form of strict regulation, in itself a reaction to the very short-term panic that such regulation has been developed to suppress.

                       

Potential solutions in the 2008-2009 financial meltdown probably would have worked over the longer term, had panic not arisen. These are never successful for short-term markets that regulation overlooks.(See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)