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To: BufordP

If money can be made on this then why don’t we invest Social Security in it?


13 posted on 09/29/2008 10:02:26 AM PDT by wastoute
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To: wastoute

(could it be because these financial masters of the universe are too smart to bail out one con job with another one???)LOL


14 posted on 09/29/2008 10:06:11 AM PDT by wastoute
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To: wastoute
Remember, the T is not buying all the bad loans. They are buying the bad with the good - and at a discounted price that will be determined by a reverse auction.

I understand that the gov't isn't buying individual loans, but packages. However, I still have to believe that the housing markets will have to stabilize and at least grow some before we can break even or realize a profit. Is this your take?

17 posted on 09/29/2008 10:15:51 AM PDT by umgud (In a crisis, dump gold, buy lead)
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