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Message: Re: It's time...doni...

Feb 10, 2009 11:00AM

Feb 10, 2009 11:17AM

Feb 10, 2009 11:25AM

"One item is that the banks shall sell the toxic assets publicly to get rid of them.'

That was my point, however, they will not sell at under water values.....they want the tax payer to pay face value.

"And the Gov. will spend 50Billion of the money gauranteeing up to 90% of the value of the assets for a period of time."

Through AGI?...lol I'd be a buyer with that incentive....nothing like a little insurance.

"And those buying the Toxic Assets, (which are being used by the banks to milk the TAX payers without any accountability), shall risk only 10% of their money for whatever the assets appriciates..."

That's pretty mush how free markets function.

doni

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Feb 10, 2009 11:42AM
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Feb 10, 2009 11:45AM
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