EESA peesa sh*t.

[wtmusic]

Here's what should be happening:

Paulsen should be creating a "superFISA" which, after an intensive portfolio review, provides loan insurance on request to institutions that need them, on the condition that they default on a loan and superFISA assumes all assets. AFTER the fact. Not buying up so-called "troubled" assets, which may or may not be troubled at all (whoosh...I do believe that's the sound of mortgage securities dealers getting their acts together in a hurry).

While we're at it: where's the cap on writing down home loans? I'm supposed to be bankrolling some idiot in a $2M home who bought in way over his head?

:shrug: