To: BGHater
This is why the bailout really needed to be defeated: it did nothing to address the credit default swaps problem.
But perhaps nothing can, short of a depression.
2 posted on
09/30/2008 1:35:59 PM PDT by
Loyalist
(Tory! Tory! Tory!)
To: Loyalist
This is why the bailout really needed to be defeated: it did nothing to address the credit default swaps problem. My fingers are aching from the number of times that I've typed this same comment to folks.
4 posted on
09/30/2008 1:39:09 PM PDT by
politicket
(Palin-tology: (n) - The science of kicking Barack Obambi's butt!)
To: Loyalist
Try to find a message from Hank Paulson in which he expresses alarm about this situation.
Any time before three weeks ago.
ESPECIALLY, try and find a message delivered while he was at Goldman Sachs.
9 posted on
09/30/2008 1:46:45 PM PDT by
Notary Sojac
(I'll back the bailout if Angelo Mozilo lets me borrow his Lamborghini on Saturday nights.)
To: Loyalist
My plan is simple to deal with these derivatives. Simply let the banks and corporations default on fulfilling these contracts....en masse. Take them off the books since there is no way they can be paid off. There isn't enough money.
Then let them say, "Sue me."
Hell would be frozen over before any appreciable portion of these lawsuits came to fruition resulting in any movement of funds.
Probably an unworkable idea but hey...it sure would be good for the market in the short term.
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