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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (477981)	5/5/2009 2:25:40 PM
From: HPilot	Read Replies (1) \| Respond to of 1575201

They are loans that are insufficiently collateralized. The Tarp money may be safe. However the billions Obama pissed away on Chrysler may not. If it goes under I do not know if the government can get that money back.

To: i-node who wrote (477981)	5/5/2009 2:26:36 PM
From: Road Walker	Read Replies (2) \| Respond to of 1575201

They are loans that are insufficiently collateralized. Some... we will soon find out. If the government hadn't backed the banks, the whole thing would have collapsed. Now the banks are regaining the ability to raise private capitol, and the trust between banks has pretty much returned. Without the government backstop we would be in a world of hurt today... quite possibly with food shortages and certainly with huge unemployment and fuel shortages. We were at the precipice.