Reply #14: Why not a system-wide reset? [View All]

[Old and In the Way]

All assets and liabilities relating to these bogus securities become worthless. As part of this deal, re-institute strong regulation and the Casey-Steagall...separate investments and speculation from traditional banking. Obviously, there will be winners and losers, but until this gets unwound and cleaned up, the world economy is not going to recover and the system will remain frozen in a sea of illiquidity and strucural insolvency.