How To Prevent "It"

So How Much "Capital" Really Exists? in [Market-Ticker]

It's also going to remain a global problem until the authorities here and overseas say the following to each and every financial institution: You will identify every asset on your balance sheet at current market value, and you will demonstrate you are solvent at that market value.  If you claim to have "hedges" through credit default swaps or other instruments, you will prove the counterparty has the money to pay.  If you cannot or will not you will be closed and liquidated tomorrow morning. You will continue to maintain this accounting on a forward basis and you will make it publicly available on a daily and forward basis. If you need to be recapitalized to meet these requirements we (will/will not) do (x, y, or z) exactly one time, but every member of your board and senior management will be fired and, if there has been any material misstatement of your financial position, prosecuted. If this happens the crisis and market crash ends that same day. If it does not then the market will continue to "discount" the value of these alleged assets and rotate from Greece to Italy to Portugal to Spain and then here in the United States until "it" happens.

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