just as i suspected, debt forgiveness:Senate Banking Committee Chairman Christopher Dodd said the Federal Reserve can act as an ``effective Resolution Trust Fund'' to buy and dispose of bad debt stemming from the subprime mortgage crisis guess who gets to pay for that action, we the tax payers will have to pay off someone else's debt. debt forgiveness. and i bet wall street will be included
WaMu Rating Lowered to Junk by S&P on Mortgage Losses http://www.bloomberg.com/apps/news?pid=20601087&sid=awDjhtIfoz_Q 15 Sep 2008 Washington Mutual Inc., the biggest U.S. savings and loan, had its credit rating cut to junk by Standard & Poor's because of the deteriorating housing market. S&P reduced its rating on Seattle-based WaMu to BB- from BBB-, leaving it three levels below investment
oh oh, more debt forgiveness, fannie and freddie bailed out, tax payers will purchase mortgage-backed debt in the open market that it was rumored merrill could only sell at about .05 on the dollar, i wonder what we will pay for the worthless paper, we have bear sterns as a example i wonder if the plunge protection team that is abusing tax payer money to enrich the fat cats are hoping
On Jul 5, 8:47 am, alexy <nos...@asbry.net> wrote: Vide...@tcq.net wrote: http://www.bloomberg.com/apps/news?pid=20601087&sid=aKvRa6j85xCY&refe... Good article. Thanks for posting it, Vid. It clears up some of the misconceptions that seem so prevalent here. yep, for you. its a liability, not a asset, otherwise if it was a asset, j.p. would have grabbed it. now we learn that
Video61@tcq.net wrote: http://www.bloomberg.com/apps/news?pid=20601087&sid=aKvRa6j85xCY&refer=home Good article. Thanks for posting it, Vid. It clears up some of the misconceptions that seem so prevalent here. The Fed also reported that it had no direct loans outstanding to bond dealers as of yesterday under a program aimed at easing the credit crisis. Today's lending figures indicate
