re: #434 3 wood

I think it’s so they can justify getting their hands on more money to fix a bigger problem.

Two other ‘obvious’ solutions:

1. Use government guarantees for the troubled assets instead of purchasing them - say at 50 cents on the dollar - which at least puts a floor on some of the mark-to-market provisions.

2. If the feds are going to bail out the states (which is a crime to start with), it should be loans to the states, not expanded block grants.