yeah, and what do the taxpayers get who have to pick up the tab for this?
more politicians who live like royalty on our backs.
It’s possible that taxpayers will make some money on this. Is it really true that those loans are worth 22 cents on the dollar if you hold until maturity? Or is the 22 cents an artifact of mark to market accounting? I am for rapid enactment of something this week. In my judgment, some plan immediately is better than an arguably “better” plan in three weeks. The markets are anxious and need reassurance. After the emergency legislation, let’s study the problem thoroughly and hash out what really happened and who and what are to blame.