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"It is not like the government is tossing out $700 billion dollars to the wind. They are picking up the loan bundles at a discount, will hold them long enough to sort them out and let the defaults happen if they must.

In example, say they pat $0.55 on the dollar for the loans to the banks. The banks get the liquidity they need. two to three years later the stability/risk of the portfolios are know known and can (should) be able to be sold back into the investment community at a higher rate."

"The Plan" is not a given. They are still arguing over it. If there is no plan by the time the Asian markets open, then we begin to go over the precipice. By the time the U Markets open the damae will already hav been done and you might have to fight for a place on that soup kitchen line.

Rob S
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