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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (148620)9/21/2008 3:24:21 PM
From: bentwayRespond to of 306849
 
>>The Secretarys authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time.<<

How small a unit of time can we go here? Let's say nanoseconds, and bring in the lawyers..

I really think, f*ck it! Let's call Paulson's bluff and let this wait until AFTER the election. No more bailouts, LET the credit markets freeze. If the government is going to underwrite anything from here on out, let it be Joe 6pk's PAYCHECK.



To: patron_anejo_por_favor who wrote (148620)9/21/2008 4:32:56 PM
From: MetacometRead Replies (1) | Respond to of 306849
 
"...limited to $700,000,000,000 outstanding at any one time."

Yeah, I noticed that too.

It is a god damn revolving account...