Thursday, October 09, 2008

Place your bets

Now that Plan 11 has failed to instill confidence*, it is obvious that we need a Plan 12. Bets are currently open, so pick a number and a color and guess what the Fed will lend, the Treasury will buy, or the SEC will ban next.

Possible examples:
  • The SEC will draw up a list of 799 stocks and their "target prices." Sales of such stocks below the target price are prohibited.
  • In order to discourage closing out of losing positions, the IRS will institute a tax on Capital Losses.
  • A pizza party for you and 10 of your closest vice presidents at Bernanke's house for every interbank loan opened.
One bet per person, void in New York state and anywhere else I despise.

* by which is meant, "make the stock market go up."

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