Hussman Funds - Weekly Market Comment - You Can't Rescue the Financial System If You Can't Read a Balance Sheet - September 29, 2008
Hussman says Paulson plan can't work because it th eonly way it can increse bank capital is to overpay for the loans it buys. This seems to me to follow from the simple algebra of a balance sheet.
Hussman says Buffett's structure for his Goldman Deal is what the government should have done for the bamks it wants to liquify.
Ha
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