….it would be nice to wait until perhaps the latter innings of the game to start discussing how things are progressing.[/quote]
I am not going to spoil a good spat, and I don’t know the history of what sounds like a long-running feud, but…. I think Breeze (I like Breezhnev) has a point about the estimates the general public has been fed about the cost of the bailouts. Larry Summers and Chris Dodd and others had the temerity to spin stories about how the bailouts were mostly providing temporary liquidity, with not much chance that they would be providing a lot of solvency repair. That was a pretty straightforward twisting of the truth, and I think anyone who propagates that yarn should be called on it. Most of us are aware that solvency is the real fear, and the number isn’t small.
