Comments on: Not to Worry: Paulson’s Wizards on Stand By

By: RightWave » Bailout?

RightWave » Bailout? — Thu, 25 Sep 2008 17:26:22 +0000

[...] II: E!! points out that I missed her recount of Newt’s plan. Seems feasible and reasonable. Check it [...]

By: Mike Davis

Mike Davis — Wed, 24 Sep 2008 05:47:09 +0000

Well, E, apparently there's a large group Congressional Republicans who are neither spellbound nor particularly willing to sign off on this Wall Street Bailout. To Ron's comment above, yes, a broken system should fail, and yes, that’s how the market is supposed to work. Unfortunately, lenders were FORCED to make bad loans by an act of Congress. To add insult to injury, the heart of this crisis is two government sponsored entities who've been cooking their books for the better part of a decade. That ain't the market at work. That's government mucking things up. While a $700 billion bailout isn't the best course, at some point it should be clear -- the feds created this mess, and the feds have a responsibility to clean it up. Mike Davis's last blog post..Democrats Blocked Fannie Mae Reforms

By: localsoandso

localsoandso — Tue, 23 Sep 2008 13:10:07 +0000

The Paulson Plan is going to destroy an already weak dollar. The root problem here (in my humble opinion) is the "Too Big to Fail" theory. A broken system should fail. That's how the market is supposed to work. This situation has been building for decades, and won't be solved anytime soon localsoandso's last blog post..The Ritholtz Plan