Good points for Mark to Market:
http://spectator.org/archives/2009/02/06/unemployment-and-spending
Though the current system clearly is god awful, valuing these things is the soon to be $1 question. Any thoughts?
The way I see it, though Timmy didnt say much of anything, there are three ways to do this bitch.
1. Make sidepockets for these things as suggested by Soros. Check it on the Op-Ed WSJ.
2. Make a government program to take these suckers on the market.
3. The atom bomb. Nationalize it. The Tyler Durden theory of debt.
Thursday, February 12, 2009
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