[lit-ideas] Re: <POLITICS> Jim Webb on the Financial Bailout
- From: "Simon Ward" <sedward@xxxxxxxxxxxxxx>
- To: <lit-ideas@xxxxxxxxxxxxx>
- Date: Mon, 22 Sep 2008 04:43:29 +0100
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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