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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: dpl who wrote (31154)4/25/2005 1:15:23 PM
From: piggington  Read Replies (5) of 110194
 
But how would it be too late? I've heard this before but I don't understand. To use El Gaviero's example of a troubled homeowner, they aren't going to wait until "deflation" takes hold. They're going to wait until enough homeowners have trouble servicing their mortgage payments, and then buy votes by implementing the "American Dream II Act of 2005" wherein they heavily subsidize mortgage payments or buy the mortgages and let homeowners pay them back at 3% or whatever. How would that be too late, or do no good? They would print money and keep the homeowner from defaulting.

That's just one example - it seems like there are a million ways to forcefully inject money into the system by buying private debt. Maybe I'm just more jaded or something, but it seems if there's one thing these bastards are good at, it's finding ways to buy votes.

rich
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