Comments on: An alternative to the bailout plan http://www.logipundit.com/2008/09/an-alternative-to-the-bailout-plan.html A Bastion of Reason Fri, 12 Mar 2010 05:35:03 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Ripp http://www.logipundit.com/2008/09/an-alternative-to-the-bailout-plan.html/comment-page-1#comment-5324 Ripp Fri, 26 Sep 2008 03:24:05 +0000 http://www.logipundit.com/?p=2649#comment-5324 Just wanted to interject on something I know a little about...waiving mark-to-market accounting is inherently inconsistent with providing adequate disclosure of a company's financial position (which promotes the capital formation that is essential for a successful market-based economy). Here's an article with details (since I prefer to write about this topic only when I'm being paid to do so): http://www.city-journal.org/2008/eon0925ng.html Also, the bailout plan is a disaster and absolutely not the best way to "fix" what's ailing us. And, to beat it all, the government now will likely end up receving equity in these companies in order to "profit" from their turnaround. Exactly what country am I living in? And what party is in the executive office? A plan based on expanded insurance (as is being proposed by by Boehner) would be a far less intrusive way to address this situation. It will be great if Bush and the Dems pass Paulson's plan. Kind of like No Child Left Behind. The Bush presidency comes full circle. Gotta love it. Just wanted to interject on something I know a little about…waiving mark-to-market accounting is inherently inconsistent with providing adequate disclosure of a company’s financial position (which promotes the capital formation that is essential for a successful market-based economy). Here’s an article with details (since I prefer to write about this topic only when I’m being paid to do so):
http://www.city-journal.org/2008/eon0925ng.html

Also, the bailout plan is a disaster and absolutely not the best way to “fix” what’s ailing us. And, to beat it all, the government now will likely end up receving equity in these companies in order to “profit” from their turnaround. Exactly what country am I living in? And what party is in the executive office?

A plan based on expanded insurance (as is being proposed by by Boehner) would be a far less intrusive way to address this situation.

It will be great if Bush and the Dems pass Paulson’s plan. Kind of like No Child Left Behind. The Bush presidency comes full circle. Gotta love it.

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