tag:blogger.com,1999:blog-4241416962008169508.post2919962691584652439..comments2024-03-27T21:03:58.972-04:00Comments on Just A Life Sciences Blog...: It seems the Opinion-ators at the Wall Street Journal Agree. . . .Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4241416962008169508.post-52884296876089057852008-09-19T07:40:00.000-04:002008-09-19T07:40:00.000-04:00So -- As a recovering Fed/SEC/Treasury watcher, (1...So -- As a recovering Fed/SEC/Treasury watcher, (1) I don't agree with (but I do understand the argument for) the Bear Stearns bailout; (2) I understand the differing arguments -- and agree with, the Freddie/ Fannie bailout; (3) I understand the argument (and agree with) the decision to let Lehman slide into Chapter 11; and finally (4) I agree with the notion that we ought to let the markets work -- to cause Merrill to sell itself to B of A. . . .<BR/><BR/>But one cannot be heard to say -- assuming one understands all of the above -- that s/he EITHER understands the arguments for (or agrees with): (5) the bailout of AIG -- if one is a fan of logic.<BR/><BR/>If one buys the rationale for (3) and (4), that notion applies to AIG -- conversely, if one buys the logic of (1) and (2) (re wholly-unexpected, or truly system-wide meltdowns) -- one would only support an RTC-like agency -- not any single insurer's-wholesale bailout. Thus AIG looks to be little more than partisan politics -- "welfare" for the ultra-rich -- the "right" Republicans.<BR/><BR/>Whether you agree or disagree with my last statement, I urge you to consider the object lesson I offer:<BR/><BR/>Object Lesson -- No one is driving this bus.<BR/><BR/>Act accordingly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4241416962008169508.post-5255762476676001402008-09-15T05:27:00.000-04:002008-09-15T05:27:00.000-04:00Valuable resource of wall street journal news summ...Valuable resource of wall street journal news summaries: http://www.ng2000.com/fw.php?tp=wall-street-journalng2000https://www.blogger.com/profile/14287326444923169630noreply@blogger.com