[lit-ideas] Re: <POLITICS> Jim Webb on the Financial Bailout

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/

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