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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: geode00 who wrote (138303)9/23/2008 4:21:09 PM
From: Lizzie Tudor1 Recommendation  Read Replies (2) of 173976
 
If the assets are purchased near the true hold to maturity prices, taxpayer losses should be minimal, he said.

OK this is totally unacceptable but what I feared would happen, because the banks need the DEBT to recover, so it doesn't help if the US buys all the houses as assets at firesale prices.

Buying at maturity level, give me a break! Thats at bubble prices, no way!

I don't support this. I support buying at TODAYs PRICES.
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