Amerlafrance

Paulson/Bernanke: $700 Billion at 'Hold to Maturity' Pricing

Agreed, the hold to maturity price is artificial and they intend to create an artifical market that will allow banks to avoid writing down loans based on the "fire sale" prices. The assumption is that the market is not properly valuing the debts and likely recovery upon them and that the government experts will know better what they are worth. Of course, if the experts are wrong the taxpayer pays and the banks benefited by the purchase (including foreign banks!) do not repay a penny. This is a charade at best.

Troubling Aspects to the GSE Bailout Bill

I think I will need a bailout to pay my future taxes. Do you think Treasury will provide low interest loans to provide me with the funds I need to pay the taxes? I think this whole system has tipped over now that a majority of Americans no longer pay income taxes; voting cannot work to restrain a free lunch when half the people do not pay for the lunches being handed out.