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

To: Giordano Bruno who wrote (192793)	3/23/2009 10:15:04 PM
From: geode00	Read Replies (3) \| Respond to of 306849

Sherman (D-Calif) said that the risk is 94% taxpayer, 6% private investor but the profits are 50-50. I've heard numbers all over the place from 85% to this 94%. What I don't get is that Treasury has $100 billion or so left over to spend but they are thinking this program may address $1T. Where the heck is the remaining $750 billion going to come from to run this program? Summers is saying that the risk is not that big a deal for the taxpayer because the private investor will have to lose 100% of their money before the taxpayer loses 1 penny. Whooopee do Larry. IMO as the pockets get lighter the taxpayer gets smarter...or at least more cynical and apt to go out in the street and parade around with a pitchfork.