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Given that you just joined ET last month, that's pretty rich . . . You are an idiot. That much we know, and it has only been one month. Keep talking about Ron Paul. He's about as electable as they come! :D

Yes, given his logic he feels that Pelosi hurt their feelings . . . and thus they snubbed the legislation. Give me a break! The Republicans involved voted against this and then turned around and blamed Pelosi ( via spin-control ) so that their man, John McCain wouldn't look like an ass for...

Wrong again CLOWN. I was trading options on PPP, TDY, and Sante Fe Industries, not too mention stock-index futures on the NYFE at 5 lots a clip over the phone in 1981/1982 from my broker's office before being hired in 1984 by Victor Sperandeo to work one of his seats on the NYFE. But...

Nice try buddy. But you couldn't be more wrong. Just ask Pabst . . . time for dinner. Good Luck with your studies, kids! :D

Coming from someone that admittedly doesn't TRADE for a living, you once again make an absurdly ridiculous point. Congratulations . . . I bet you were around trading the markets in 1981/1982 as well.

True, but he is only as good as the liquidity and the opportunity that "price-discovery" presents . . . If at some point these securities get "cleared" by a clearing house, you are going to have a HUGE win/win situation for everyone involved. You will have accountability and transparency - - -...

No, No, and No. Paulson has been talking about "price discovery" and private equity getting involved from the get-go. I am amazed that people have no real solid understanding of this proposal.

Try reading this week's Barron's. I believe that they have a tad more credibility than your beloved "60 Minutes".

Really now? How will entrepreneurs come back? With what? The patient is on the table in intensive care. We ALL know why he is there. He's has clogged arteries and a heart that is suffering from congestive failure with dead tissue in both ventricles. His blood pressure is off the charts...

Yet another Gold Bug on ET. Shocker.

Then why is someone like fixed-income money manager Bill Gross very supportive of this plan? Why is it that price discovery of these assets is a bad thing? Why is it that doing a "reverse-auction" and getting private capital involved in purchasing these assets a bad thing? You naively...

It's not that simple my friend. This isn't just about Golden West Financial and their $120 Billion in ARMS being taken over by Wachovia in May of 2006 when Wachovia bought them out. It's waaaaay more than that. It's about the ECONOMY. Seriously, do yourself a favor and and take a class in...

It's the end of the quarter. Funds trying to get more liquid for upcoming redemptions.

Blah, blah, blah. No facts, no examples of what is going on in the credit markets . . . And once again, absolutely ZERO understanding of what makes the economy tick.

You naively assume that this credit market issue is simply a problem effecting the United States. Think again.

Is that all you got??? You paste a web-link to "60 Minutes"? How old are you anyway? :D Please feel free to tell me why the Commercial Paper market is "frozen" and has seen $100 billion leave it in just the past 2-weeks, and why the FED took on $73 BILLION in asset-backed commercial paper...

I did so last week to DeFazio ( who authored the proposal ), and Pete Stark. Pelosi would never do anything to hurt NYC. She's a lot smarter than that. Such legislation won't happen.

That's right. We need to FREEZE the banking system even further so that we can facilitate the coming Depression . . . Have you even looked at the Commercial Paper market lately?

Forget about it. It was proposed by 16 people in the House and Oregon Rep. DeFazio was the crafter of the proposal. It WILL NEVER see the light of day.

Agreed. But unfortunately "Joe-6pack" won't get a clue until he can't get a loan, or his company that he works for can't get a loan, or a large customer of the company he works for can't get a loan because there is no healthy collateral on the books of his local bank, and/or because so many...