Here’s a very smart solution to the current financial market crisis. “Dr Jon” highlights the key dimensions for success for the $700 Billion bailout:

financial transparency mark-to-market liquidity trade these “bad” assets on the open market (don’t just give the money to a few Wallstreeters with no accountability and transparency provide upside to the taxpayers

More excellent commentary by Fred Wilson on whether to Splurge vs. No Splurge and Mark Cuban on creating an open market for these financial instruments / “assets”. If you’re on Twitter, follow Andy Finkle, Fred Wilson, Howard Lindzon, atask and others to learn more. Bookmark to:

September 26 2008, 2:20pm | Original Link »