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Politics : Politics for Pros- moderated
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To: KLP who wrote (271952)10/2/2008 4:43:54 PM
From: greenspirit1 Recommendation  Read Replies (1) of 793958
 
The main problem with the bailout, is there is absolutely nothing preventing every bank in the country on the first day after the bailout of selling sub-prime loans by the millions.

Which means a repeat and bailout 5 years down the road.

It's a ridiculous ponze scheme built on a house of cards. No bank in their right mind would sell sub-prime loans unless the government were going to bail them out.

Bailing them out, gives them the incentive to do it all over again.
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