Bailout News: Play 'the Bailout game' with Paulson & Bernanke

Check this out.  Play along with Paulson and Bernanke as you try to prevent global economic collapse.

Beware of angry citizens with pitchforks! 

Be sure to use your lifeline "...ask a Greenspan".

After the jump.

Click Here to Play.

Comments

[Bridge Loan to Nowhere]

Like Markowitz and Bogle we believe that we’re facing a transparency crisis. However after Dorothy pulled back the curtain and revealed the Wizard she was able to return to Kansas. There’s no going back Toto.

The nascent Mother of all Workouts (MoaW) is unavoidable. Price discovery will likely reveal that an assignment of fair value, whatever that means for CDO-squared, results in the erosion of the capital structure well into senior unsecured. In the MoaW the Schumpeterian question is whether or not a creative bid exists when few institutions globally meet Tier I requirements and alternative asset managers have also been made prostrate.

The blood of the stakeholders will flow in the streets. DailyBail wants to wipe out the bond holders but hopefully it doesn’t advocate the abrogation of note purchase agreement obligations. Systemically, if the loss given default approaches 100% we hope that you don’t expect to use your debit card; senior unsecured is very close to the last rampart between all of us and the caves. Equity? At that point equity is no longer in voice and it won’t be just those that are long financials. Bank equity is already dead but continues on life support awaiting the words “descendit ad ínferos, tertia die resurrexit a mortuis”. In that reality you’d better join a militia, stockpile MREs and know how to hotwire an Armalite.

It’s notable that, generally, the gluttons are unable to live within Rousseau’s constraints and degenerate into a landslide of dehumanizing rage as they wait in line for tickets for their daughters to see the Jonas Brothers; when the sh*t comes down, you’d better be ready.

[GoRazorbaks]

Cool game.

[DailyBail]

Bridge. The bid does not exist. If everyone is leveraged, to whom do you sell?

The great wipe-out should have started in September. Previous capital injections were lunacy. No one in power faces the problem. Bushies pushed it off.

So, let these insitiutions bleed all the way up the ladder including purchase note holders. I think you exaggerate for impact. Result will not be so bad. Let's see.

Wipe it all out. Then the taxpayer re-cap is clean, fair, and debit cards still work.

Thanks for your thoughtful response.