goldenhinde

Oppose the Treasury's Bailout Plan

Thank you for your thoughtful response. My hat is taken off to you sir for the boldness and clarity of your intention and process. This bail out proposal must make those who either directly caused the pain or were asleep at the wheel when the pain came into focus - to feel the most pain.

If ML sold such MBS assets for $0.22 on the dollar then THAT price represents the best arms length transaction that the market could make available to a seller at that time. If the US government steps in then the purchase price of such securities or those related should be lower as the taxpayers should demand and be paid a premium for serving as the buyer of last resort.

The era of privatizing profits and socializing losses must end. It is time that the taxpayer win and shareholders, board members and investors too asleep to have any foresight as to what they were doing MUST loose.