At 03:47 PM 9/23/2008, Ron Wormus wrote:
Jed,
There needs to be more transparency. How many mortgages are actually
in default? I heard less than 20%.
Amen to that.
As I said, the quickest way to separate the sheep from the goats
would be to demand that any company that participates in bailout must
first liquidate and go into Chapter 11. Companies know how much money
they have lost. (Or if they don't, they are a lost cause.) The basket
cases will come forward and let the government handle the fire sale.
I love your letter!
- Jed
