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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%4:00 PM EST
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To: carranza2 who wrote (30874)3/13/2008 6:36:01 PM
From: KyrosL  Read Replies (3) of 217544
 
C2, I must disagree. Putting down $40 billion to buy most of the subprime mortgages at around 20 cents on the dollar (their current price) is no different than what the Hong Kong government did to prop up their stock market a few years ago after it crashed. They actually ended up making money on the deal. I suspect it's going to be the same, if it results in stabilizing the financial situation.
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