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

And your solution?
John

On Mon, Sep 22, 2008 at 12:43 PM, Simon Ward <sedward@xxxxxxxxxxxxxx> wrote:

>  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 <john.mccreery@xxxxxxxxx>
> *To:* ANTHRO-L <ANTHRO-L@xxxxxxxxxxxxxxxxxxxx> ; 
> Lit-Ideas<lit-ideas@xxxxxxxxxxxxx>
> *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/
>
>


-- 
John McCreery
The Word Works, Ltd., Yokohama, JAPAN
Tel. +81-45-314-9324
http://www.wordworks.jp/

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