Macro

Oppose the Treasury's Bailout Plan

Dear David,

Your take on this bailout is the most lucid one I have seen yet and it is very accurate to say that all other previous bank rescues have indeed been related to minimise forced liquidations of assets after that a misrun bank has failed. I am totally and utterly certain that the current bailout plan is a total disaster in the making which will go down in history but for all the wrong reasons.