Apparently Paulson was literally down on his knees BEGGING Nancy Pelosi, leader of the Demoncrats in the House, for her support for the plan. That I would like to have seen.
I remember my Maths teaching at school telling us that the big money banks deliberately took on failed Maths University graduates as they didn't understand the risks they were taking. I thought he was taking the piss - but he obviously wasn't!!
I never knew you were a jurist, american or scandinavian legal realism sir?
The market is working effectively
2: Are they seriously considering allowing the taxpayer to "buy" just the worthless crap that the banks have amassed (and got themselves in trouble with) and then just let them carry on as normal?! Surely the better plan would be to systematically nationalise the failing banks, taking their "good" assets too?