Paulson's plan does not take equity in the firms when buying at hold-to-maturity prices. The Democrats are the ones arguing for that. I know Barney Franks said that last week before Treasury even had plan out. I think we are on the same page but let me remind you we are about to remake our entire financial model and should not do it in a panicked matter as decisions made this week will likely have lasting effects for our lifetime.
i totally agree. democrats AND republicans agree. and i think to a certain extent Bernanke and Paulson agree...I guarantee you that Paulson just drew that up to stem off the issue as soon as possible. he is not a career politician in the least bit. he is an ex-goldman sachs guy who headed up their most ruthless area back in his day.....
flesh needs to be exchanged for any bailout...i am even in favor of addressing CEO and executive compensation.
