Our Titanic Crisis: An Economic Rescue Plan

Our current financial crisis has wreaked havoc on the credit markets, the stock market and the entire economy. We must remember that the root cause of this crisis is the collapse of the residential housing market, which has been further exacerbated by the continuing downward housing spiral. Most of the $700 billion in TARP rescue funds have been deployed as capital infusions into banks and financial institutions in an attempt to address our economic crisis at the institutional and trading level. This alone will not rescue the economy. A comprehensive solution must directly address the residential housing market catastrophe.

Keywords Enterprise Risk Management