Another Cure for the Financial Mess

[Mormon Red Death]

What do you think of Dave Ramsey's plan

http://www.daveramsey.com/etc/fed_bailout/economic_cleanup_10887.htmlc

[Ceteris Paribus]

Guarantees applied to sub-prime securities/bonds (ala FHA) would have been a good idea 90 days ago, and a better solution than the $700B buyout. Gingrich is also a proponent of suspending Sarbanes-Oxley. Because the financial markets are now so mired in liquidity and yield crises, the "bailout" is a necessary evil. Markets have essentially been in a holding pattern this week. Even news of a possible plan provides some semblance of stability. Still many small to mid-sized banks who are technically insolvent and will not be saved by the bailout. Recovery will arduous and slow.