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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Moominoid who wrote (148795)9/22/2008 1:56:42 AM
From: patron_anejo_por_favorRead Replies (1) of 306849
 
Of course it would...that's why Paulson's trying to silence dissent before the taxpayer's interests are actually suppported.

I say, for every dollar of taxpayor funding used to buy assets through this facility, the treasury receive a dollars worth of preferred stock which is placed above bondholders should a BK occur down the road. It's quick and clean. I'd also insist hon immediate and binding audits from the Fed of any institution requesting funding through the RTC-2 facility, and that any institutions currently found to be insolvent be closed and their assets placed in receivership immediately. For starters.

Almost anything (or nothing at all) would work better than what's been proposed.
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