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View Diary: Let's put the shoe on the other foot for a minute. (313 comments)

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  •  Why? (1+ / 0-)
    Recommended by:
    Glic

    That is to say, what's the point?  What will this accomplish?

    Oh, and Britain just announced that it would buy preferred shares in banks (much the way Warren Buffet did and as has been advocated by Krugman and others to protect taxpayers) to aid in recapitalization.  To quote Krugman, "Unlike the Paulson plan, this sounds as if it makes sense."

    Politicians cannot be depended upon to act in the interests of the public in the absence of collective pressure.

    by Reframing the Debate on Tue Oct 07, 2008 at 04:21:39 PM PDT

    •  You mean stock injection.... (0+ / 0-)

      Yes - that's a decent plan...BUT!

      It in essence makes us silent shareholders and we have to HOPE that the banks/etc... make good decisions during their "recovery."

      And history is not in or favor in that scenario.

      CDS
      CDO
      my Head hurts...

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