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Posted the last comment/letter to the wrong section. (The hazards of too many browser windows open...)
I guess it's relevant here as well given that the stock market is going ga-ga over the chance to bid up stocks based on the hidden value of assets in an inactive market, but the comment was meant for the "Stupid Way to Fix the Banks: Change the Rules" post from Mr. Leonard earlier today.
(I hope it violates no rules to repost the comment in the place it was meant to be.)