http://disqus.com/people/96501844018a2d05c31a7624502d3703/enMon, 29 Sep 2008 19:24:28 -0000http://washingtonindependent.disqus.com/hopes_for_8216clean8217_bailout_bill_gone/#comment-27418761. "Treasury can just create a $700-billion, U.S. government-owned “sovereign wealth fund” to invest in troubled banks at market prices"<br>Q: How would this act differently from $700 billion of capital (and more) that's already out there? <br><br>2. "A sophisticated board of ex-bankers and accountants could oversee the pricing of individual deals."<br>Q: How would these be different from the "Wall Street’s suits [who] smell a goldmine and are clamoring for position to get the hundreds of millions in fees at stake." If they're willing to work for a government salary instead of a Wall St bonus, why? Will they actually be smart enough to outsmart the Wall St. guys?<br><br>3. Q: What does Mr. Morris think of William Isaac's proposal to suspend mark-to-market accounting, based on the argument that the current "market price" is not realistic (what with being in panicked freefall)?LeighMon, 29 Sep 2008 19:24:28 -0000