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    bank deregulation..., 2009-04-04 10:59:00 | Main | Probably anybody unable to ide..., 2009-04-07 09:15:43

    Having found a few people who seem pretty smart that also support the Geithner put, I find that

    1. They universally find it impossible to discuss the housing bubble.
    2. They seem to support the Geithner put because they think it will fail. That is, 80 cents on the dollar for nearly worthless paper will not be a big enough handout to make the banks sell, and if they did it wouldn't be sufficient to prop up their balance sheets.

    I am very surprised that I still think them pretty smart, now that I think of it. I'm not sure what I must be thinking.


:: posted by buermann @ 2009-04-05 11:23:47 CST | link





    go ahead, express that vague notion
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    your turing test:

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