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Overnight Open Thread

457
3 wood2/03/2009 6:49:37 am PST

re: #443 DeafDog

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.

Very good ideas.