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To: MulhollandDrive who wrote (109150)	3/11/2008 7:24:35 PM
From: Think4Yourself	Read Replies (5) \| Respond to of 306849

I would agree except 1. The securities in question are still AAA after all the downgrades so they are probably at least somewhat good. 2. The fed is not giving the banks 100 cents on the dollar. The banks have to put some skin in the game. We will find out what these AAA securities are worth when the credit markets unlock, which is what this program is meant to do. Some of the securities might only be worth sixty cents on the dollar. These securities will be downgraded when this is discovered and the institutions will be forced to take them back. I really can't find any downside to the program. The fed has found a virtually risk free way to unlock the credit markets. There are still many problems to work through but this one at least looks like it has been resolved. With a little luck we will soon see just how serious the securities problems really are so those issues can be addressed.