We don’t know if $700 billion is in the right ballpark or even the right PLANET!
So, from where I sit, demanding some transparency has to be part of the bailout.
Congress could get an equity share, per Chris Dodd, and still have no idea how that equity share matches up to reality. Transparency will move this derivative crapola at least somewhat closer to being marked to market.
It will also let “we the people” know if Congress is caving in or not.
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