--- In FairfieldLife@yahoogroups.com, "authfriend" <[EMAIL PROTECTED]> wrote: > > --- In FairfieldLife@yahoogroups.com, "authfriend" <jstein@> 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. >
Several criticisms and suggestions similar to offworld's appear here: http://tpmcafe.talkingpointsmemo.com/ Lawson
