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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (373644)3/11/2008 1:21:24 PM
From: Road Walker  Respond to of 1578094
 
If you read between the lines, what they are doing is socializing the bank's bad paper. We taxpayers will end up "financing" this bailout, which probably won't work in any case.

I agree. And it will exasperate long term problems. Next time the money lenders won't have a worry in the world because the know the worlds federal banks will bail them out.

No downside to bad business practices... what could be better? They should have thought of that will the 1000's of Internet companies that went belly up.

Let's see if the markets buy it... I suspect not.



To: bentway who wrote (373644)3/11/2008 2:51:48 PM
From: tejek  Respond to of 1578094
 
If you read between the lines, what they are doing is socializing the bank's bad paper. We taxpayers will end up "financing" this bailout, which probably won't work in any case.

I am not so sure. The paper they are buying has been so heavily discounted that its believed its worth more than the feds are paying. Of course, no one knows for sure.


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