3 ms·
No, you're the one assuming they're functioning companies to prove that the deserve to be saved. That's itself circular. And if you think the market is correc
by SilasX 7y ago
No, you're the one assuming they're functioning companies to prove that the deserve to be saved. That's itself circular.
And if you think the market is correctly pricing the equity, you can't turn around and say it's mispricing the bonds so the Fed has to "correct it".
- perl4ever 7y agoI didn't say the market is correctly pricing anything. I'm saying if it is correctly pricing securities, then it can't be used as evidence they are nonviable. I mean, circular reasoning is one level of stupidity, but getting it going with a counterfactual is just enraging to me.