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  • H..R. 1728: The Death of Creative Financing

    06/14/2009 11:53:09 AM PDT · by adm5 · 57 replies · 2,804+ views
    Mandelman Matters Blog ^ | 6-11-09 | Mandelman
    H.R. 1728 passed the House by an overwhelming majority in a record three days time. Now it’s in the Senate and is widely expected to pass quickly as well. Why the rush? Is AIG planning to hand out zillions in bonuses again? My guess would be that our elected representatives and their banking benefactors would prefer that we don’t know anything about it. Consider this scenario: You own a house. You want to sell it. Someone wants to buy it. You decide to sell it to the person who wants to buy it and carry the paper yourself for whatever...