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It indicates, imho, that current crisis would be resolved successfully largely despite of the government, not because of it. Please note, that I don't say that crisis will be resolved successfully. I say that the opportunity still exists and government invervention does not improve its chances.>
>We're going to have to agree to disagree. I'm assuming you must understand the consequences had AIG gone under or had the banking sector collapsed as it would have without Uncle Sam?
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http://www.zimbio.com/2008+Financial+Crisis/articles/538/collapse+AIG+impact+Mortgage+Banking+SystemAre you sure that you already know all bailout consequences?
Edward Pikman
Independent Consultant