William Trent_

Accredited Home Lenders Survives To See Another Day

Nobody is "bailing out" Accredited. They are selling their loan portfolio to a buyer aware of and willing to accept the associated risks.

Notice that I reference the LTCM case, which I say "only required intervention from the Federal Reserve because the managers were unwilling to take Warren Buffett’s offer." I disagree vehemently with the bailout they received. They should have been made to accept the highest private offer, which was Buffett's. Then the taxpayers would have been left free of it.