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

[Michael Pollak]

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