Comments on: A Defense of the Bailout, and a New Divide http://www.concurringopinions.com/archives/2008/09/a_defense_of_th.html The Law, the Universe, and Everything Sun, 22 Nov 2009 04:22:46 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: mike zimmer http://www.concurringopinions.com/archives/2008/09/a_defense_of_th.html/comment-page-1#comment-47086 mike zimmer Wed, 24 Sep 2008 00:00:12 +0000 http://www.solove.org/archives/2008/09/a-defense-of-the-bailout-and-a-new-divide.html#comment-47086 It seems as if the underlying cause of the freeze is the radical uncertain of the real value of many assets held by many different players in the market. How does the bailout solve that problem? Offering to buy, when no one can know what the value is, doesn't work very well. How will the government know what to offer and how will the holders of the assets, who have no idea of their worth, know how to respond to an offer? The only way real information can be developed as to the worth of these assets it seems is to unravel all these complicated packages back to their constituent parts. Perhaps the best way to start to do that is at the other end: Mount some sort of organized way of reaching the mortgagors who are in trouble, work out their problems and thereby undo these packages. Meanwhile, perhaps the government needs to borrow money directly to keep the economy moving forward. What a strange, new world? It seems as if the underlying cause of the freeze is the radical uncertain of the real value of many assets held by many different players in the market. How does the bailout solve that problem? Offering to buy, when no one can know what the value is, doesn’t work very well. How will the government know what to offer and how will the holders of the assets, who have no idea of their worth, know how to respond to an offer?

The only way real information can be developed as to the worth of these assets it seems is to unravel all these complicated packages back to their constituent parts. Perhaps the best way to start to do that is at the other end: Mount some sort of organized way of reaching the mortgagors who are in trouble, work out their problems and thereby undo these packages.

Meanwhile, perhaps the government needs to borrow money directly to keep the economy moving forward.

What a strange, new world?

]]> By: mike zimmer http://www.concurringopinions.com/archives/2008/09/a_defense_of_th.html/comment-page-1#comment-47085 mike zimmer Wed, 24 Sep 2008 00:00:00 +0000 http://www.solove.org/archives/2008/09/a-defense-of-the-bailout-and-a-new-divide.html#comment-47085 It seems as if the underlying cause of the freeze is the radical uncertain of the real value of many assets held by many different players in the market. How does the bailout solve that problem? Offering to buy, when no one can know what the value is, doesn't work very well. How will the government know what to offer and how will the holders of the assets, who have no idea of their worth, know how to respond to an offer? The only way real information can be developed as to the worth of these assets it seems is to unravel all these complicated packages back to their constituent parts. Perhaps the best way to start to do that is at the other end: Mount some sort of organized way of reaching the mortgagors who are in trouble, work out their problems and thereby undo these packages. Meanwhile, perhaps the government needs to borrow money directly to keep the economy moving forward. What a strange, new world? It seems as if the underlying cause of the freeze is the radical uncertain of the real value of many assets held by many different players in the market. How does the bailout solve that problem? Offering to buy, when no one can know what the value is, doesn’t work very well. How will the government know what to offer and how will the holders of the assets, who have no idea of their worth, know how to respond to an offer?

The only way real information can be developed as to the worth of these assets it seems is to unravel all these complicated packages back to their constituent parts. Perhaps the best way to start to do that is at the other end: Mount some sort of organized way of reaching the mortgagors who are in trouble, work out their problems and thereby undo these packages.

Meanwhile, perhaps the government needs to borrow money directly to keep the economy moving forward.

What a strange, new world?

]]> By: mike zimmer http://www.concurringopinions.com/archives/2008/09/a_defense_of_th.html/comment-page-1#comment-47084 mike zimmer Tue, 23 Sep 2008 23:59:58 +0000 http://www.solove.org/archives/2008/09/a-defense-of-the-bailout-and-a-new-divide.html#comment-47084 It seems as if the underlying cause of the freeze is the radical uncertain of the real value of many assets held by many different players in the market. How does the bailout solve that problem? Offering to buy, when no one can know what the value is, doesn't work very well. How will the government know what to offer and how will the holders of the assets, who have no idea of their worth, know how to respond to an offer? The only way real information can be developed as to the worth of these assets it seems is to unravel all these complicated packages back to their constituent parts. Perhaps the best way to start to do that is at the other end: Mount some sort of organized way of reaching the mortgagors who are in trouble, work out their problems and thereby undo these packages. Meanwhile, perhaps the government needs to borrow money directly to keep the economy moving forward. What a strange, new world? It seems as if the underlying cause of the freeze is the radical uncertain of the real value of many assets held by many different players in the market. How does the bailout solve that problem? Offering to buy, when no one can know what the value is, doesn’t work very well. How will the government know what to offer and how will the holders of the assets, who have no idea of their worth, know how to respond to an offer?

The only way real information can be developed as to the worth of these assets it seems is to unravel all these complicated packages back to their constituent parts. Perhaps the best way to start to do that is at the other end: Mount some sort of organized way of reaching the mortgagors who are in trouble, work out their problems and thereby undo these packages.

Meanwhile, perhaps the government needs to borrow money directly to keep the economy moving forward.

What a strange, new world?

]]> By: LaPopessa http://www.concurringopinions.com/archives/2008/09/a_defense_of_th.html/comment-page-1#comment-47083 LaPopessa Tue, 23 Sep 2008 21:56:56 +0000 http://www.solove.org/archives/2008/09/a-defense-of-the-bailout-and-a-new-divide.html#comment-47083 There will be a bailout. The issue remaining at this point is - will we hold those who are borrowing our money to be accountable? Or will we give them the US credit card to use as they like? There will be a bailout. The issue remaining at this point is – will we hold those who are borrowing our money to be accountable? Or will we give them the US credit card to use as they like?

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