tk6910

Assets and Capital: The Two Major Issues in this Crisis

with all due respect, your article only confuses the matter and is inherently nonsensical.

with regard to pricing of assets, the Paulson plan is to pay obscenely inflated price for the banks' assets. And that is because everyone (except you) knows that the banks do not have sufficient capital to absorb the losses in assets and face bankruptcy. You assume that foreign central banks will keep our banks afloat by investing more than what they have already lost. How stupid you are. If that is the case (as it was in earlier months of this year) Paulson and Bernanke would not have come up with the current plan.

Your ignorance is harmful, and you should think more carefully before cranking out your blogs.