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To: saveslivesbyday who wrote (149337)	9/23/2008 11:11:39 AM
From: No Mo Mo	Read Replies (1) \| Respond to of 306849

What happened to reverse auction?!

To: saveslivesbyday who wrote (149337)	9/23/2008 11:21:18 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

yep, thank you bernanke for exposing the fraud paulson and you are trying to perpetuate on the american BAG HOLDER.

To: saveslivesbyday who wrote (149337)	9/23/2008 1:53:43 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

>>UFB - Bernanke wants the US govt to pay full price for MBS assets<< See, that's why this plan in anything resembling the current form is unsalvageable. Hank/Bernank/Banks won't accept a fair value for the crap their trying to shove down our collective gullets. If they did, their wouldn't BE a "crisis". The banks are insolvent. Lend them more and they'll still be insolvent. Only with more cash to lose and a bigger final bill before they cease operations. The taxpayers should not pay more than fair value. And lastly, none of us should trust Paulson to be the sole arbiter of what IS fair value. No deal. No how. Let the banks play it as it lies.

To: saveslivesbyday who wrote (149337)	9/23/2008 2:57:15 PM
From: NOW	Read Replies (2) \| Respond to of 306849

So fess up: who were the clowns on this thread promising the taxpayer was going to get a great deal? Please dont make me read through old posts to point out your clear intent to deceive ... Bernanke Urges Against U.S. Buying Assets at `Fire-Sale' Prices By Craig Torres and Scott Lanman Sept. 23 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the Treasury Department should buy illiquid assets at ``hold-to-maturity' values under its $700 billion rescue plan instead of at discounted ``fire-sale' prices. The comments by the Fed chairman came in the form of an unusual break from his prepared testimony before the Senate Banking Committee today and are likely to feed the debate about what price the government should pay banks for bad mortgage- related loans. ``I believe that under the Treasury program, auctions and other mechanisms could be designed that will give the market good information on what the hold-to-maturity price is for a large class of mortgage-related assets,' Bernanke said. There are ``substantial benefits' to buying assets at a cost close to the ``hold-to-maturity' price, he said. Analysts said Bernanke is essentially advocating that government use a pricing model that assumes that the debt will be paid in full over a long period of time. That is different from the mark-to-market model used by investment banks that prices assets at what they are worth on a given day.