On Apr 2, 2008, at 6:06 PM, Seth Ackerman wrote:
> But if you concede
> from the outset that we're going to bail out the banks - without even
> making a fuss about whether the shareholders get completely wiped
> out -
> you lose whatever leverage you might have had.
What's the alternative? Do a Japan, dither for years, and have a shitty economy for 15 years?
Doug