Today he humbly weighs in on To Splurge Or Not To Splurge.
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.
Copyright 2008 The Moderate Voice