Paulson trying to kill the economy - DFWstangs Forums
 
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post #1 of 6 (permalink) Old 11-12-2008, 11:24 AM Thread Starter
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Paulson trying to kill the economy

Quote:
Nov. 12 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson plans to use the second half of the $700 billion financial rescue program to help relieve pressures on consumer credit, scrapping an effort to buy devalued mortgage assets.
http://www.bloomberg.com/apps/news?p...efer=worldwide

Now, were we not told that if the government didn't purchase the devalued mortgages the economy would sieze up?

Last edited by TexasDevilDog; 11-12-2008 at 11:31 AM.
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post #2 of 6 (permalink) Old 11-12-2008, 11:27 AM
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The distribution of this money is about to get ridiculous. I forsee them playing the pick and choose game with any company they please after a while... watch.
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post #3 of 6 (permalink) Old 11-12-2008, 11:30 AM
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Isn't this exactly what Pelosi and co. said they weren't going to do? Fucking liars.

Give me a dollar.
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post #4 of 6 (permalink) Old 11-12-2008, 11:34 AM
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and BTW:
Seriously, folks.

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post #5 of 6 (permalink) Old 11-12-2008, 11:50 AM
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It makes sense to not buy the assets if you are using the same money to keep the insurance company that guarantees them afloat.

I'd rather them buy the assets though since I'm not sure what the upside is in owning a stake in AIG.
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post #6 of 6 (permalink) Old 11-12-2008, 11:53 AM
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Both parties are full of shit including Bush . Maybe , just maybe Obama will provide some transparency but I am not holding my breathe .
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