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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: geode00 who wrote (138308)9/23/2008 4:30:49 PM
From: Lizzie Tudor  Read Replies (1) of 173976
 
today on NPR they said MS dumped these on the mkt at .22 on the dollar last week to raise cash.

Obviously if the US gov buys all these at .22 on the dollar thats a pretty good deal for the US (these are probably worth .50-.65 on the dollar), but that won't help the current crisis, there actually ARE buyers for these at .22 on the dollar.

If what Bernake is saying is buying these for .30 on the dollar in other words almost 50% higher than current mkt prices........ that might be ok with me.

But MATURITY LEVEL prices is $1!!!! FORGET IT!!!!!!!!!! What a crock!
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