Comments on: Short Selling Ban May Raise Cost of Selling Convertible Bonds http://www.nakedcapitalism.com/2008/09/short-selling-ban-may-raise-cost-of.html Mon, 23 Nov 2009 11:36:25 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Richard Kline http://www.nakedcapitalism.com/2008/09/short-selling-ban-may-raise-cost-of.html#comment-17175 Richard Kline Thu, 25 Sep 2008 08:59:00 +0000 http://www.nakedcapitalism.com/2008/09/short-selling-ban-may-raise-cost-of-selling-convertible-bonds/#comment-17175 I want a bank holiday, and I want it now. Seriously, the issue we face with the financial system is not a choice between an orderly or a disorderly deleveraging. Rather, it is a question of separating the insolvent from the solvent and solveable, so that the insolvent quit soaking up credit and equity which they will only squander. Those calling for the Paulson proposal advocate an inoculation via taxpayer transfusion, when what we need is a cull. Goats and sheep; drowned and saved; zombies and cuddlies: All is delusion and waste until we face that fact. <br/><br/>Takedown not Bailout. I want a bank holiday, and I want it now. Seriously, the issue we face with the financial system is not a choice between an orderly or a disorderly deleveraging. Rather, it is a question of separating the insolvent from the solvent and solveable, so that the insolvent quit soaking up credit and equity which they will only squander. Those calling for the Paulson proposal advocate an inoculation via taxpayer transfusion, when what we need is a cull. Goats and sheep; drowned and saved; zombies and cuddlies: All is delusion and waste until we face that fact.

Takedown not Bailout.

]]> By: alan von altendorf http://www.nakedcapitalism.com/2008/09/short-selling-ban-may-raise-cost-of.html#comment-17167 alan von altendorf Thu, 25 Sep 2008 07:52:00 +0000 http://www.nakedcapitalism.com/2008/09/short-selling-ban-may-raise-cost-of-selling-convertible-bonds/#comment-17167 dead link?<br/>http://blogs.cfr.org/setser dead link?
http://blogs.cfr.org/setser

]]> By: Anonymous http://www.nakedcapitalism.com/2008/09/short-selling-ban-may-raise-cost-of.html#comment-17165 Anonymous Thu, 25 Sep 2008 07:48:00 +0000 http://www.nakedcapitalism.com/2008/09/short-selling-ban-may-raise-cost-of-selling-convertible-bonds/#comment-17165 Felix Salmon was on this story on the 19th: <a HREF="http://www.portfolio.com/views/blogs/market-movers/2008/09/19/convertibles-collateral-damage-of-the-shorting-ban" REL="nofollow">Convertibles: Collateral Damage of the Shorting Ban</a> Felix Salmon was on this story on the 19th: Convertibles: Collateral Damage of the Shorting Ban

]]> By: Steve http://www.nakedcapitalism.com/2008/09/short-selling-ban-may-raise-cost-of.html#comment-17159 Steve Thu, 25 Sep 2008 07:04:00 +0000 http://www.nakedcapitalism.com/2008/09/short-selling-ban-may-raise-cost-of-selling-convertible-bonds/#comment-17159 Perhaps Messrs. Paulson and Bernanke will embrace `level 3 equity' -- just book $5 for every $1 of new common issued. They embrace fictitious asset valuations, so why not equity? All problems will disappear like magic.<br/><br/>As Paulson's tennis instructor and accounting guru Aleksey Vayner famously observed, `Impossible Is Nothing.' Perhaps Messrs. Paulson and Bernanke will embrace `level 3 equity’ — just book $5 for every $1 of new common issued. They embrace fictitious asset valuations, so why not equity? All problems will disappear like magic.

As Paulson’s tennis instructor and accounting guru Aleksey Vayner famously observed, `Impossible Is Nothing.’

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