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

To: Tommaso who wrote (149495)	9/23/2008 3:18:23 PM
From: The Reaper	Respond to of 306849

"The Bush administration, under the guidance of Treasury Secretary Henry Paulson, has proposed that the federal government buy up approximately $700 billion in problematic assets from financial institutions in order to give them the liquidity they need to stay afloat." So if they intended to buy them at near maturity values, how did they hope to turn them over with any regularity so as to keep using the same $700 billion over and over again? The answer is they didn't and when the next $700 Billion was needed, they wouldn't be in office anymore to have to deal with it. Wish some congressman would ask that question.