Wednesday, September 24, 2008

Best Summary EVER of The Bailout

HT Ace.

This is readable, understandable, and not lengthy.

Besides, it knocks all the twinkle-toe arguments from the 'Pure Capitalist' Morons (and the 'Dirty Little Democrat/Commie' Morons) on their cans.

If you read it, you'll know more about the situation than Herb Kohl does.

1 comment:

asianbadger said...

Great summary even if his acronyms are a little off. The point that it is not a bailout but the establishment of a market (even if the initial valuation is flawed), is important.

It's better than the sitting around with no idea of the worth of the "toxic assets".