[lbo-talk] Discussing the Crisis/Bailout

John Thornton jthorn65 at sbcglobal.net
Mon Oct 6 14:38:00 PDT 2008


Jordan Hayes wrote:
> John Thornton says:
>
>> I doubt anyone on this list doesn't have different ideas
>> about how a bailout could be done but a different and better
>> option wasn't on the table.
>
> Which table are you talking about here? The Paulson table? The House
> Leadership table? The pundit table? the blogosphere table?
>
> The LBO table?
>
> There was no other option on the table but the invasion of Iraq, too.
>
> Missing a point here, I guess ...
>
> /jordan

The current administration was not going to offer a good package in a timely manner. Any better package would not have passed right now. Unless you don't believe a package was needed right now this was as good as it was going to get. If you don't believe a bailout of some kind was needed right away what do you base such a believe on?

John Thornton



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