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Text of bailout bill
Message
From
30/09/2008 08:10:28
 
 
To
30/09/2008 06:49:32
General information
Forum:
Finances
Category:
Assets
Miscellaneous
Thread ID:
01351732
Message ID:
01351751
Views:
12
>http://assets.sunlightfoundation.com/pdf/eesa2008.pdf
>
>The goal of the bill should be to prevent system meltdown while people and institutions that made foolish bets loose their money and those that cooked the documents go to jail.
>
>There doesn't seem to be a mechanism in the bill to determine a reasonably discounted price for the items sold to the Govt, so it seems true that the bill needs more work before approval.

There is no such mechanism in the whole universe. Either market determines price and/or failed institutions fail or government makes arbitrary decisions and failed institutions do not fail and failed practices continue to fluorish.
Edward Pikman
Independent Consultant
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