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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: DebtBomb who wrote (180292)1/28/2009 3:18:05 PM
From: Smiling BobRead Replies (1) of 306849
 
Sounds like nationalization to me.
Just don't call it that.
How about "debt by a thousand slices?"
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Under the program, which is expected to start in February, up to $200 billion will be made available to spur auto, student and credit card loans as well as loans to small businesses. To do that, the Fed will buy securities backed by those different types of consumer debt. The Fed also hopes that action will lower rates on those loans.
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