The Magazine

The Art of Bailouts

Another asset class in deep doodoo.

Feb 9, 2009, Vol. 14, No. 19 • By SAM SCHULMAN
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And who knows--perhaps my notion may have other applications. We might see a proposal for a Bad Bank that would acquire Bad Assets now held by institutions that are perfectly sound--were it not for the existence of the Bad Assets. Remind me to drop a note to Tim and Larry when I get back from the Brandeis protest meeting. Those philistines want to sell off their art just to save their university. And at the bottom of the market!

Sam Schulman, a writer in Virginia, is publishing director of the American.