On: Bankruptcy, not bailout, is the right answer

[swombat]

Huh? And the banks haven't been secretive about their bad debts already?

Of course they have been. That's the core of the problem. Did you even read my post before replying?

[Retric → swombat]

That looked like sarcasm to me. As in there secretive now they where secretive last year so why would a bail out change their mind in the long term?

[swombat → Retric]

The bailout is not designed to change their mind long term, it's designed to resolve the current crisis without a great depression.