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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: NOW who wrote (192831)3/24/2009 7:37:24 AM
From: Giordano BrunoRead Replies (2) of 306849
 
Geithner plan will rob American taxpayers: Stiglitz


The U.S. government is basically using the taxpayer to guarantee against downside risk on the value of these assets, while giving the upside, or potential profits, to private investors, he said.

"Quite frankly, this amounts to robbery of the American people. I don't think it's going to work because I think there'll be a lot of anger about putting the losses so much on the shoulder of the American taxpayer."

reuters.com
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