Bailout - cont.

Follow up on the bailout BS
Best for the government to buy at market price, wait, then sell at a better price later.

Buy low, sell high

BTW Warren Buffett is saying the same thing right now

Economic Scene - Issue Is Payback, Not Bailout - NYTimes.com:

"The first thing to understand is that a bailout plan doesn’t have to cost anywhere close to $700 billion, so long as it’s designed well. The $700 billion number that you see everywhere is an estimate of how much the government would spend to buy deteriorating assets now held by banks. Eventually, the government will turn around and sell these assets, for a price almost certain to be greater than zero. So this $700 billion is very different from $700 billion spent on a war or on Medicare."