Eagle Island

The Deal's Getting Done, But Will It Work?

Am I 'misremebering',or did not the WSJ article of a week or two ago describing previous emergency funds/plans state that the one implemented during the Depression to purchase, renegotiate, and hold domestic mortgages closed out in 1951 with a profit?

The term 'bailout' seems somewhat inaccurate and not constructive.

If everyone adopts a Cassandra-like, "can't work" point of view we can be sure it will be likely to fail.

Let's give it a chance, hope it works, and that it provides a stable environment so that people can reorder their investments thoughtfully and not in a panic, and that our 'leaders' have an opportunity to fix things that have been shown not to work.