--- In FairfieldLife@yahoogroups.com, "authfriend" <[EMAIL PROTECTED]> wrote: <snip> > > The only sustainable solution is to let these complex financial > > instruments, and housing valuations, to unwind and reach true > > value. There will be disruptions. > > There will be global economic catastrophe. > > You obviously have no concept of how serious > this is. At this point it's an insolvency and > credit crisis that threatens to bring down the > whole economy. It's a major, major emergency > that has to be addressed *immediately*.
I should add that the current plan appears to have huge problems, but something drastic has to be done even if it hurts the taxpayers--because "letting things unwind" will hurt them far, far worse. It simply isn't an option.
