To: CapnJack; politicket; Travis McGee; TigerLikesRooster
A neat little plan don't you think.Until the banks' derivatives and other toxic waste explode all over the Federal balance sheets.
21 posted on
02/17/2009 6:05:10 PM PST by
rabscuttle385
("If this be treason, then make the most of it!" —Patrick Henry)
To: rabscuttle385
No worries. We have a solution for that.
26 posted on
02/17/2009 6:10:43 PM PST by
Travis McGee
(www.EnemiesForeignAndDomestic.com)
To: rabscuttle385
This is already happening. Look at the Fed’s reports on the various programs. They’re already taking losses in the 10’s of billions on “collateral” paper they’ve taken on some of these swap programs.
31 posted on
02/17/2009 6:12:10 PM PST by
NVDave
To: rabscuttle385
“Until the banks’ derivatives and other toxic waste explode all over the Federal balance sheets.”
This plan is for the shareholders to take the hit.
The Obama/Geithner plan is to have the taxpayers take the hit.
37 posted on
02/17/2009 6:16:37 PM PST by
Shermy
("The whole world has financed the United States, ...they have a reciprocal debt with the planet.")
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson