Central banks float rescue ideas

http://www.ft.com/cms/s/a233faa2-f789-11dc-ac40-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fa233faa2-f789-11dc-ac40-000077b07658.html%3Fnclick_check%3D1&_i_referer=http%3A%2F%2Fwww.drudgereport.com%2F&nclick_chec ^

[Orange1998]

Central banks on both sides of the Atlantic are actively engaged in discussions about the feasibility of mass purchases of mortgage-backed securities as a possible solution to the credit crisis.

Such a move would involve the use of public funds to shore up the market in a key financial instrument and restore confidence by ending the current vicious circle of forced sales, falling prices and weakening balance sheets.

[Orange1998]

hold on to your wallets the banks are looking for a bailout by the public.

[meyer]

Here's my solution, at least for the future....

Quit loaning money to people with bad credit!

[Thoreau]

Privatize the profits, socialize the losses.

[Orange1998]

Only three post on the topic. Its a shame only three cares.

[Thoreau]

Yes, with all the fuss over Obama, THIS is the real news. When I as taxpayer am going to have to not only pay my own mortgage, but also my foreclosed neighbors, and in a recession no less. All to bail out the pig men bankers.

Got to love this magazine cover:

Vladimir Ilyich Bernanke