Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
 You put your finger on one of the bizarre elements in this theater piece.. Many people have addressed this issue- George Soros' plan deals with the issue of evaluation of assetts and liabilities- of the banks themselvesd-by suggesting the use of experienced bank examiners, Dean Baker has also pointed to the difficulty of valuing the trash, and has a rational plan. Bill Greider -- lots of good ideas, even from l;iberal democrats.

A massive liquidity injection also seems to me to be a stopgap measure, doomed top fail in even the medium term.
I think this is exactly the plan--lots of smoke now, then let it burn, after the election, so Obama has to put out the fire.

Capitalism searches out the darkest corners of human potential, and mainlines them.

by geezer in Paris (risico at wanadoo(flypoop)fr) on Thu Oct 2nd, 2008 at 02:09:22 AM EST
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