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	Comments on: Government Knows Best	</title>
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	<description>The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger).  The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.</description>
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		By: dad29		</title>
		<link>https://norunnyeggs.com/2008/10/government-knows-best/comment-page-1/#comment-36292</link>

		<dc:creator><![CDATA[dad29]]></dc:creator>
		<pubDate>Tue, 07 Oct 2008 14:39:31 +0000</pubDate>
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					<description><![CDATA[To your larger point--something&#039;s screwy here that I don&#039;t really understand yet.

IF the &#039;bailout&#039; was supposed to resolve the credit lockup (which in and of itself was credible, if not optimal), THEN credit should be OK.

But now the Fed is buying commercial paper, too.  And while TED-spread is down, LIBOR is up.

I&#039;d like to lay all this off to stark raving fear, which goes away after a while...]]></description>
			<content:encoded><![CDATA[<p>To your larger point&#8211;something&#8217;s screwy here that I don&#8217;t really understand yet.</p>
<p>IF the &#8216;bailout&#8217; was supposed to resolve the credit lockup (which in and of itself was credible, if not optimal), THEN credit should be OK.</p>
<p>But now the Fed is buying commercial paper, too.  And while TED-spread is down, LIBOR is up.</p>
<p>I&#8217;d like to lay all this off to stark raving fear, which goes away after a while&#8230;</p>
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