Webb's insistence on purchasing securities at or below market cost is unrealistic. The finance institutions are in this mess simply because there's no effective market for the duff securities that they created; there's no value in them. As such, the govt-backed bail out company will be creating a false market by creating values with little or no precedent because there's no 'market' value. As for capping executive pay, what would that do for tax revenues. That besides, Bush would veto it at a shot. Webb hasn't got a grasp. Simon Ward ----- Original Message ----- From: John McCreery To: ANTHRO-L ; Lit-Ideas Sent: Monday, September 22, 2008 2:31 AM Subject: [lit-ideas] <POLITICS> Jim Webb on the Financial Bailout Read it. Then start hammering your Senators and Representatives to get behind it. http://webb.senate.gov/pdf/banksdodd.pdf -- John McCreery The Word Works, Ltd., Yokohama, JAPAN Tel. +81-45-314-9324 http://www.wordworks.jp/