Monday, February 9, 2009

New Group same as the old group.

http://www.nakedcapitalism.com/2009/02/now-its-semi-official-mlec-to-rise-from.html

So the big plan for tomorrow is the one that got rejected by Hank cause no one wanted to play.

It quietly faded from the headlines.. Why? It was supposed to be a private sector solution, but guess what? Investors had no desire to buy assets at phony prices, and banks didn't want to unload them at market. Various efforts to finesse the basic problem predictably got nowhere.

You can not make the banks sell at market cause they would be Bankrupt and you can not over pay cause you are in huge money losing position. Does the Obama team have no new idea's? Why the hell is it changing every second? Who the heck is running this show? Change? WTF!

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