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Subject:  Re: Will the Bailout Plan Work? Date:  10/5/2008  10:15 AM
Author:  WendyBG Number:  257714 of 537075

Nice to see you back, Dr. du Plessis. I thought you gave up on METAR. I was about to post a link to your good article.

As for what I think...I think that the bailout could be the biggest opportunity for financial chicanery, at taxpayer expense, in U.S. history...and that's saying a lot.

It may help break the logjam for lending. But it won't do anything to solve the CDS problem. The loans will still exist (albeit in government hands), and some will still default, causing CDS cascades.

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