To strandy

[ajmccarrell]

http://biz.yahoo.com/ap/080918/wall_street.html

We were talking yesterday that if the government does anything, it should be that they separate the mortgages from the investments, and it appears that they did exactly that, only they did it without letting the banks fail. However, I suggested that the government do exactly the reverse, in that they let the banks fail and take on the investment. It's just quite interesting to see that not 24 hours later, the government ended up separating bad debt from investment in one fashion or another. Maybe Paulson is a ledgie!