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To: mishedlo who wrote (96578)4/17/2009 1:58:51 PM
From: John Metcalf  Respond to of 116555
 
"The state and local governments would pay the federal government a fee for providing the guarantees."

Gee, where have we seen that before? Is government going into the credit default obligation business like our failed financial institutions did? After all, the people who caused institutional failures now staff the US government.



To: mishedlo who wrote (96578)4/17/2009 9:09:16 PM
From: Sr K  Respond to of 116555
 
TARP money repaid, and maybe the interest/dividends paid, replenish the "fund" so it can total more than $700 billion.



To: mishedlo who wrote (96578)4/26/2009 6:52:42 PM
From: marcher  Read Replies (1) | Respond to of 116555
 
"...TARP is a magic hat. Inquiring minds are asking "How many $trillions have been promised out of a $700 billion hat?..."

aint magic, it's leverage. 30-1 is the pass. -g?-