Cut them loose.

Editor,

Nationalizing the banks would open their books to public scrutiny and provide them the much-needed opportunity to eat 100% of their write-downs once and for all. Trying to keep a sunk casino afloat makes no sense, as any fool can see. Obama is trying to protect certain rich bond-holders who have got to lose their shirts before this crisis will hit bottom, and he has got to cut them loose.

re: "Financial Policy Despair" (3/23/2009)