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[QUOTE=Valiente;378106]A guy with nothing to lose can still be horribly misguided, falsely premised and just flat-out wrong.
I offer this seamanlike observation: When do you ever bail out your boats just once? When is there ever just one bucket of water in your bilge? You usually need to do several small bails before you fetch the sponge, and eventually, you have to figure out where the water's getting in, from above or below.
No one here is identifying the source of the leak or its rate.
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Valiente,
Your metaphor is concrete, but this financial crisis is not. It's so abstract that there is absolutely no consensus as to where the leak is, because the water in this case is invisible. It's like we're about to drown in air.
So you have to go with your instincts and place your trust in people who know best what they're doing and who have the fewest conflicts of interest. The people I trust least in this situation is a bunch of yahoo congressmen who get elected for a whole two years. These guys don't understand this problem any more than I do. Paulson, I'll wager, does.
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