tag:blogger.com,1999:blog-21846828.post180569024889452764..comments2024-01-14T16:01:08.962-08:00Comments on The Rational Realist: Rational Realisthttp://www.blogger.com/profile/08886526093283532105noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-21846828.post-36161740575285309832008-11-12T15:34:00.000-08:002008-11-12T15:34:00.000-08:00The market sure did not like the news. The impres...The market sure did not like the news. The impression is that, like in late September, Treasury appears to be throwing darts and hoping something sticks. To me the troubled assets have no value, and should be prices accordingly. CDSs need to be valued at $0, too, and Wall Street needs to move forward. CDSs, as I now understand them, seem like a B.S. deal anyway.Rational Realisthttps://www.blogger.com/profile/08886526093283532105noreply@blogger.comtag:blogger.com,1999:blog-21846828.post-89905497568576757342008-11-12T13:50:00.000-08:002008-11-12T13:50:00.000-08:00I am somewhat disappointed at the announcement. T...I am somewhat disappointed at the announcement. The Resolution Trust Company model is no longer an option. Plus, providing capital to operating institutions will likely provide the excuse for further meddling in operations (which is one large factor in getting into the current situation). Bloomberg also has a story that says that Paulson specifically intends that TARP will target consumers as opposed to businesses. I'm not so sure that I can get excited about the change in strategy.Anonymousnoreply@blogger.com