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What's Wrong with TARP

I like your plan... At least all the "junk" would be gathered together into one place, isolated from the nation's primary banking system. Good banks should be nurtured, just as bad ones need to disseminate over time. Your strategy contains the key elements of the restructuring and would appear gradual enough to avoid any shock to the primary system. It would appear that "Jubilee" has come for the banks (occcurs once every 50 years)!

I am heavily invested in MI, right now... I would say that it's going to be a long wait, but with the volatility we've seen, anything is possible (just so long as the presses keep printing). Honestly, I can imagine situations where MI could go either way, but I am heavily biased towards the positive, in this case.

It looks as if our economy is going through DETOX... Recovery and new life (business activity) await. It may take a while and it may hurt, but the outcome will be something that we can be proud of in fifty years from now.

10 Top Dividend Stocks of the S&P 500

I like MI. Rather than being forced into a reactive-mode, as IndyMac was, MI sold their data-processing unit and now apppears ready to pay their dividend. They saw this coming and avoided being put into a position of distressed sale of assets, at firesale prices. I'm over-weighted in MI, as of today... The financials have been painted with a broad brush and I believe that MI is way oversold.