BMD...I don't mean do nothing at all....just no bailout. there is another post up above somewhere about what could to be done.

What is the main problem? Not being able to value these investments! That is the fundamental problem. That is what accounting and finance is all about! Just split these damn pools up into separate pieces....lop off all the crap...the rest can be valued and becomes liquid. Only other problem is checking value of the underlying real estate...not an easy task but doable. I am beginning to hear some talking about this... in terms of "what are we gonna do if there is no bailout package". Watch how quick they start mving this stuff if congress doesn ot come up with something. Idea will come out of hte woodwork.

And if the government is just gonna buy the bad loans, then the banks are left with the good. Well if they can do that, they can sell off the good stuff and keep and work the crap...do loss recoveries, loss reductionms and renegotiate these loans and make them liquid. Go after fraud....Modify the loan terms.

I just don't get this whole issue BMD and cannot helpt to think something else is afoot....there has got to be something they are not telling us...I think both sides did some pretty bad things....this does not seem to make sense to me....this has been going on for years...somethings stinks....is bush just trying to help someone and scaring the crap out of us???...maybe a bad and stupid attempt at a power grab for extra congressional seats by getting some more R's elected...they seem to have already thrown mccain under the bus....i dunno...something does not seem right. why such a rush. IS the market reacting to the overall situatin, or is it the scare they have put into us?