Earlier I quoted Fred Wilson. Wilson is A VC I respect and admire. He’s taken to calling the proposed bailout “The Splurge” (a locution I may adopt myself).

Today he humbly weighs in on To Splurge Or Not To Splurge.

Short version:

If this money is not coming back, then it’s an expenditure and we should not do it.

If the probability adjusted return on this investment is $1.5bn then we should do it in a nanosecond…

I’d send Paulson and Bernake to their cubicle and tell them to do the numbers and come back with the return projections before voting on this.

JOE WINDISH, Technology Editor
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