Wednesday, September 24, 2008
And speaking of the bail out
It seems to me that the big failures (the investment banks, Fanny and Freddie, AIG, etc.) are behind us. Paulson says that if he isn't given $700 billion immediately, the world will come to an end. I'm willing to risk it. Let them fail one at a time. The market (wonder that it is) can handle it. In addition, let companies that need capital get it by selling themselves at a reduced price.