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	<title>Matterhorn Asset Management &#187; disaster</title>
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	<description>Wealth Preservation and Investment in Gold</description>
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		<title>A RECIPE FOR DISASTER</title>
		<link>http://matterhornassetmanagement.com/2009/06/12/a-recipe-for-disaster/</link>
		<comments>http://matterhornassetmanagement.com/2009/06/12/a-recipe-for-disaster/#comments</comments>
		<pubDate>Fri, 12 Jun 2009 17:11:05 +0000</pubDate>
		<dc:creator>Egon von Greyerz</dc:creator>
				<category><![CDATA[English]]></category>
		<category><![CDATA[Newsletters&Commentary]]></category>
		<category><![CDATA[disaster]]></category>

		<guid isPermaLink="false">http://matterhornassetmanagement.com/?p=835</guid>
		<description><![CDATA[Take the following ingredients:

	A banking system which is on the verge of collapse
	Add a few $ trillion of government liquidity and guarantees
	Inject $ 100's of billions in loans and capital
	Keep all the bank management that have caused the crisis
	Pay them astronomical bonuses because otherwise they might be snapped up by a bankrupt competitor
	Change the method for valuing the banks toxic and worthless assets so that they can publish hocus pocus  increases in profits
	Construct a stress test that all banks can pass, some with minor capital injection

	Let some of the banks repay the government money to make the markets believe that the banking system has been saved and is sound

And what]]></description>
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