delbmarcs

What Obama Needs to Know about Tim Geithner, the AIG Fiasco and Citigroup

Is there another side to this? Are the current Federal policy choices meant to stabilize the system enough to avoid paying off the CDO or CDS or whatever they are because there won't be an underlying default? Is that behind the Federal strategy? What you are saying seems too simple and obvious - "let the Ponzi schemers eat it" - but there must be another side to the story. I suspect you are right, but want more info so I can understand the choices. Thanks.