Bill W.

G-7: Nothing New

Gitridofthemnow; Thanks for your simple and elagant explanation of why 700B is not enough to bail out the banks.

The question I have now for you is this: Ben B. told congress that the banks can't be bailed out at fire sale prices, like Lehman's, for instance but thier OTC's should be somewhat (held near maturity) higher so that the American tax payer can make some money on this deal when a higher value is reached in the future. So, how much money do the banks really need to make this happen?

And, let's say they get more, won't this cause the USD to lose value against all currencies. On the other hand, if this is indeed a world wide banking crisis, and there is no doubt that it is, then banks world wide, and not just the US will have to add liquidity so would'nt things just balance out?

Thanks In Advance For Your Reply,

Another intellectually challenged individuall.

Bill W.