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Dan Lanciani Dan Lanciani is offline
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Default Bailout (politics)

In article , ddl@danlan.*com (Dan Lanciani) writes:
| In article , (Chris) writes:
| |
| | It's not exactly giving the money away, which unfortunately is the
| | impression most people have because the media has not done anything to
| | explain it. Even Bush didn't do a good job of explaining it. What
| | they are going to do is conduct a reverse auction for loans that are
| | delinquent, but have not defaulted on.
| |
| | True, but buying those loans at a time when the actual value of those
| | assets cannot be easily determined seems like throwing money away, and
| | without solving the problem, to me. Then consider that wolf Paulson
| | would be guarding the chicken coop...
| |
| | Would you buy one of those loans with your own money? For how much?
| If it were the loan on my own house and I could sell (or possibly
| refinance) the house for less than what I would have to pay for the

Oops, make that "more than what I would have to pay..."

Dan Lanciani