[goldstategop]

We don't know if that is true. I don't think throwing money at the problem will work. The better thing to do is to take government handcuffs like onerous regulations and punitive taxes off the markets. Then watch them soar!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

[WOSG]

“to do is to take government handcuffs like onerous regulations and punitive taxes off the markets.”

While I agree longterm, that wasnt the choice. The choice right now is ‘deal’ or ‘no deal’ on helping the credit markets navigate a situation where multiple banks have gone bankrupt and more are on the way. Doing nothing is a bad idea.

“We don’t know if that is true. I don’t think throwing money at the problem will work. “

It’s not ‘throwing money’. It’s buying distressed assets to help banks clean up balance sheets. Those investments can help support the credit markets and could recoup some or even all the money invested, so its not a money pit.