[lbo-talk] Yves Smith's very grim view of the bailout's chance ofsuccess

Michael Pollak mpollak at panix.com
Wed Sep 24 09:53:12 PDT 2008


On Wed, 24 Sep 2008, Chuck Grimes wrote:


> How about re-conceiving the problem of the bailout from one of a top
> down solution, blindly buying up junk just to keep credit flowing, to
> one that starts at the bottom instead?

Isn't that basically Julio's plan?

http://mailman.lbo-talk.org/pipermail/lbo-talk/Week-of-Mon-20080922/015465.html

Michael



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