government will save ozl, page-52

"I have found your posting honest and informative but the Western Government's bail out banks."

Enoch I understand that and have talked before about the comparisons between the banks getting bailed out and OZL getting bailed out.

But we are talking about 2 different scenarios here. OZL goes under and the assets get sold. No biggy to anyone except the shareholders. The US financial system goes under and the world heads into a depression. This is what the bail outs are trying to prevent. But if you look back in time the US government did this back in the late 90s on a much lesser scale and set a very dangerous precedent. Also by the US government guaranteeing mortgage loans is a type of bail out as well. If the government didn't do this then the free market would have played the game in a much different manner.