It’s hard to keep up with the flow of news about the bailout – miss a day of blogging and the assorted clips piling up on the desk are out of date. Still, I don’t want to let some of the more intriguing stories go unnoted.
Andy Kessler, who has written some fascinating and fun books about the markets and technology
appeared on the Journal’s op-ed page to say that the Paulson plan can make a lot of money for taxpayers.

He figures the US is set to make a lot of money on AIG and even more on Fannie and Freddie. The key to making profits on the bailout is, not surprisingly, dependent on the price the Treasury pays for assets. Kessler: “Firms will haggle, but eventually cave – they need cash.”
Tim Ryan, head of SIFMA and the guy who ran Resolution Trust when it disposed of S&L assets and William Seidman, the RTC chairman, have both weighed in with their advice which includes act fast, outsource management because it takes a lot of people, get good governance in place and don’t hold assets because they deteriorate when held by the government. I caught up with Ryan at Sibos and did a piece on his insights for Securities Industry News.

Filed under: Technology