re: #215 Gus 802

They’ve had more than enough time. If they extend it for another 5 weeks they will only return to where they started from and being the process all over again. During those 5 weeks market uncertainty would remain including the bond market. Many firms have already borrowed billions to prepare for worst case scenarios.

The 5 week extension will cost us dearly and out a dent in the recovery. It may be better then allowing a full collapse but it’s not the desired outcome.

It’s not a desirable outcome, but its the only one I see working right now. Things are too hostile and toxic to reach a deal right now, and until some cool-off time has passed nothing will change. I don’t like this idea, Gus, because I’d prefer a deal, really I would. But it is not possible at the moment, given the politics of the issue.