Re: Madness: Bailing Out Greed in Wonderland

[David Farber <dave () farber net>]

Begin forwarded message:

From: Dan Lynch <dan () lynch com>
Date: September 17, 2008 7:53:02 PM EDT
To: Dave Farber <dave () farber net>, Paul Saffo <paul () saffo com>
Subject: Re: [IP] Re:    Madness: Bailing Out Greed in Wonderland

Paul, I agree that AIG was/is too enmeshed in our economy to have it  
crash.
But why do their shareholders or management get any "consideration" in  
the
bailout?  0% left over is still BIG and the "perps" don't deserve a  
dime in
my view.

Dan

PS.  It ought to fall hard on the (non)regulators as well.  This may  
turn
into a huge witch hunt.  Only how large is Salem?


On 9/17/08 2:26 AM, "Dave Farber" <dave () farber net> wrote:

> Begin forwarded message:
>
> From: Paul Saffo <paul () saffo com>
> Date: September 17, 2008 12:11:24 AM EDT
> To: dave () farber net
> Subject: Re: [IP] Madness: Bailing Out Greed in Wonderland
>
> hmmm... I am no fan of bailouts, but I think that Paulson and Bernanke
> made the right call.  There is nothing inconsistent between blowing
> off Lehman and bailing out AIG.  Lehman could fail without upsetting
> anyone except Wall Street. AIG is deeply intertwined into our
> financial system and if it had failed there would be an unimaginable
> series of unintended consequences.  As odious as it may seem to do
> anything to help AIG survive it's vast folly, it is in the taxpayer's
> self-interest to prop up AIG and bring it in to a soft landing.
>
> best
> -p
>
>
> -------------------------------------------
> Archives: https://www.listbox.com/member/archive/247/=now
> RSS Feed: https://www.listbox.com/member/archive/rss/247/
> Powered by Listbox: http://www.listbox.com



Tel. 707-967-0203   Cell  650-776-7313
My assistant is Dori Kirk   Tel. 707-255-7094  dori () lynch com







-------------------------------------------
Archives: https://www.listbox.com/member/archive/247/=now
RSS Feed: https://www.listbox.com/member/archive/rss/247/
Powered by Listbox: http://www.listbox.com