bynd2009

A Better Bailout

very well written and should definitely be forwarded to Prof. Paulson for his serious consideration. Implementation might be problematic because the State regulatory agencies dislike Feds telling them how to take care of business (just look at the nuclear power issues) and will definitely tinker with RTC2 or whatever it is named to weaken its powers. I love the idea of taxing all the morons who gloated about the millions (some took 100s of millions) they took home by creating and marketing these CDOs, SIVs, MBSs and all the other alphabetical soups of illiquid opaque asset baskets. May be one of the presidential candidates should take this up !!