[lbo-talk] Jon Stewart's bailout idea

martin mschiller at pobox.com
Sat Jan 31 00:07:34 PST 2009


On Jan 30, 2009, at 10:41 PM, Jordan Hayes wrote:


> And your solution is? Please show your math.

I'm neither mathematician nor financier - merely a man in the street. And I nod along in agreement when Kevin Phillips portrays our situation. I laugh when Stewart quips 'trickle up'.

But you seemed to miss the critical part of that post which questioned your trillion dollar figures ...


> But your arguments used total mortgage and total unsecured debt
> rather than debt of unemployed and underemployed, and their primary
> residence debt, within limits. I'm sure that would be a much smaller
> figure, probably well within the present bailout figure.

martin



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