February 05, 2009

Jesus, Jane...

Normally, I'd blow over something like this but it's just this kind of nutty on the left that's allowing the right to run hog wild...Jane, RELAX, doll!

We're not paying ANYWHERE near par for these assets. There's already been more than $1 trillion written down and, ultimately, that's pretty close to the bottom.

While I'm no fan of Larry Summers (mostly because he thinks infrastructure as part of the stimulus plan is bad), this really isn't the taxpayer soaking you think it is. Oh, and it might help to keep in mind that Buffet's not making out too well on that investment in GS. There's a really good chance he may get diluted pretty badly.

Posted by mcblogger at February 5, 2009 09:15 AM

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