Skip to content

Daily Archives: September 23rd, 2008

Heads we lose, tails we lose

A consensus appears to be emerging among the reality based that Paulson’s plan is to pay top dollar for the junk he wants to buy, since that’s the only way the “plan” to save the banks will work. If he paid what the stuff is worth, many of them would still be underwater. In other […]

A few echoes and a modest proposal

The bad thing about being an evening blogger, particularly when things are moving fast, is that all the good observations are made before you get a chance to get in front of the keyboard. This is doubly so in the case of the bailout, because of the looking-glass nature of what’s going on out there. […]