HOWEVER: Details are now — (why not sooner?) — flooding the press as to mechanics — and it seems that the $700 billion Treasury bond operation will be — in stark contrast to the S&L rescue of the 80s — largely a private sector, market-oriented affair.
Disaster …
Or … I am blind.
O heat, dry up my brains!
Tears seven times salt burn out the virtue and sense of mine eyes!
ed says:
As the World Waits …
… late Saturday for Congress to announce it has drafted a suitable revision of the Paulson Plan …
A piece about the disaster of the Lehman bankruptcy, and the continuing threat of AIG.
September 27th, 2008 at 9:48 pm
ed says:
The Morning After …
September 26th, 2008 at 10:00 am
ed says:
There they are!
September 28th, 2008 at 2:12 am
ed says:
Oops. The House refused to go along with the notion. Wow.
What’s next?
September 30th, 2008 at 2:08 pm
ed says:
Ah. A sweetened bill, passed 74-25 by the Senate and then rammed through the House, has been signed into law by the Decider.
HOWEVER: Details are now — (why not sooner?) — flooding the press as to mechanics — and it seems that the $700 billion Treasury bond operation will be — in stark contrast to the S&L rescue of the 80s — largely a private sector, market-oriented affair.
Disaster …
Or … I am blind.
O heat, dry up my brains!
Tears seven times salt burn out the virtue and sense of mine eyes!
October 4th, 2008 at 12:03 pm