Gene Chan

America's Banks: Are They Really Insolvent?

If everyone tries to auction them off, who's going to buy them?


On Feb 12 08:23 AM James Wilson wrote:

> That is why you have AUCTIONS TO SELL OFF ACCESTS AND REPLACE CASH
> !!!!!!

Henry Paulson Could Have Done Better

I still don't see the disagreement. Like I said, I agree with your agrument, it's just that we have no power to change it now that it has passed. You and I don't control Congress.

The best we can hope for at this point is that they don't mess it up further.

Henry Paulson Could Have Done Better

I guess I wasn't clear... I totally agree with you that the world would be a better place if a bail-out wasn't needed in the first place. But there is nothing we can do about that now - the bail-out package is there, it was already voted through Congress and everything, we have no power to change that. The only thing we can hope for now is that they don't squander that money.

Henry Paulson Could Have Done Better

"Are there any capitalists left?"

Well, I wish we didn't have to go down this path of the bail-out. But given the predicament we're in, and that they've already decided to do it, might as well do it right and make it count.