davcnslt

Wall Street, 1792 - 2008?

OK, I'll ask the obvious: What was the information value of this post ?(other then to spur several interesting comments). If reads like a proxy for the Paulson/Bernanke bailout pitch., complete with the ubiquitous overly bubbleized FEAR factor. (Insert "hyperbole" if you wish).
In my opinion, opinion is heavily tilted to a NO vote on Paulson's plan as submitted, undergoing substantice changes as we write these comments. For my own small part: I will never support a package that doesn't address systemic change that prevents the unabashed greed that has driven our wisest to bring us to a brink of catastrophe. Nor would I ever support a package that doesn't redress most, if not all, the absurd executive pay packages of those involved, and institutes recovery. Finally, those firms wishing to sell assets to the government bail-out program must relinquish equity above and beyond the toxic waste it wishes to sell, and that eq