tag:blogger.com,1999:blog-6074762.post9016285253242772466..comments2023-12-29T03:22:35.054-05:00Comments on Right As Usual: Is the Bailout a Good Idea, or Quite Possibly the Worst Idea Since Disco?Linda Foxhttp://www.blogger.com/profile/15024201252345608291noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6074762.post-57876074476714422232008-09-27T06:47:00.000-04:002008-09-27T06:47:00.000-04:00You don't understand what's happening at all.Hell,...You don't understand what's happening at all.<BR/><BR/>Hell, I don't much like the idea of a bailout either... but it isn't a business failure problem, it's an asset-backed credit valuation problem.<BR/><BR/>I.e., there's a whole bunch of shitty loans and properties and no business knows what anything is worth due to stupid changes in financial accounting rules. So hundreds of billions of dollarsAnonymousnoreply@blogger.com