“I am not sure you read my entire post. Did you read the part that said: “We can argue as to whether these limitations are appropriate or whether more are needed. Hopefully that is what our representatives are doing!”
Ultimately, you and I and anyone else on the entire planet can only be faith-based optimists or faith-based or record-based pessimists here. We have no way of knowing whether these limitations, or any limitations whatsoever may be appropriate, and it wouldn’t matter if we did. Or didn’t.
Hank Paulson has held the “world will blow up” shotgun to the head of Congress and is at massive advantage over them as he knows better than any of the Congessites the ramifications of what might happen should this funding be withheld or any of his rights under the new proposal-soon-to-be-act be withheld or modified. Indeed, the very act of discussing them, because of the resulting delay in enacting them, is now “casus explodi”. So evidently discussion is off the table.
And of course, they will comply. I only bring this up because if Paulson is so smart that he can see what might happen at this juncture, then that sort of ratifies the notion that he was probably smart enough to see what might happen when he was being warned by multiple parties about the ramifications over the past year and did nothing other than try to jawbone the problems away. Or lie about their potential severity. Whichever choice you feel is more accurate.
“As for your comments regarding Paulson, what are you recommending?? Shall we go ahead and fire him too??”
No. Let’s make him our absolute monarch by approving this act. Let him have complete control over every FIRE financial transaction and the value of every asset.
And by the way, whom else got fired?
And by the way, whom else got fired?
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Perhaps an inappropriate use of the word “too.” I wasn’t saying anyone else got fired. I was saying that on top of all the other problems going on, should we go ahead and fire the one guy that most market participants have at least some trust in.
BTW, I just saw the article by Newt “Before D.C. Get’s Our Money, It Owes Us Some Answers, on another thread.
http://www.freerepublic.com/focus/f-news/2087228/posts
To me this is the sensible discussion that we should be having.