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#1
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A guy walks into a party, and asks a woman "Would you have sex with me for a
million dollars?" She says sure. And of course he doesn't have a million dollars. But the decision is made, they are going to get it on. Now, it's just about deciding how much is the price. I have that sense with the bailout for Freddy and Fannie. My sense is the bailout is a done deal. The question is only the details. What's the end result? The Fed, with all the power of the government, will take large ammounts of my money, and give it to someone else. It's not roads, bridges, or even pork barrel construction projects. Just a big transfer of money. -- Christopher A. Young Learn more about Jesus www.lds.org .. |
#2
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Stormin Mormon wrote:
A guy walks into a party, and asks a woman "Would you have sex with me for a million dollars?" She says sure. And of course he doesn't have a million dollars. But the decision is made, they are going to get it on. Now, it's just about deciding how much is the price. That was Bernard Shaw, and he was insulting her--the sequence goes, and I paraphrase: "Would you sleep with me for a million dollars?", he asks. "Yes", she replies. "How about for 5 dollars?" "Why Mr. Shaw, what do you think I am?" "We've already determined that, now we're haggling over the price." I have that sense with the bailout for Freddy and Fannie. My sense is the bailout is a done deal. The question is only the details. What's the end result? The Fed, with all the power of the government, will take large ammounts of my money, and give it to someone else. It's not roads, bridges, or even pork barrel construction projects. Just a big transfer of money. -- -- --John to email, dial "usenet" and validate (was jclarke at eye bee em dot net) |
#3
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It would seem the analegy is quite apt.
P D Q "J. Clarke" wrote in message ... Stormin Mormon wrote: A guy walks into a party, and asks a woman "Would you have sex with me for a million dollars?" She says sure. And of course he doesn't have a million dollars. But the decision is made, they are going to get it on. Now, it's just about deciding how much is the price. That was Bernard Shaw, and he was insulting her--the sequence goes, and I paraphrase: "Would you sleep with me for a million dollars?", he asks. "Yes", she replies. "How about for 5 dollars?" "Why Mr. Shaw, what do you think I am?" "We've already determined that, now we're haggling over the price." I have that sense with the bailout for Freddy and Fannie. My sense is the bailout is a done deal. The question is only the details. What's the end result? The Fed, with all the power of the government, will take large ammounts of my money, and give it to someone else. It's not roads, bridges, or even pork barrel construction projects. Just a big transfer of money. -- -- --John to email, dial "usenet" and validate (was jclarke at eye bee em dot net) |
#4
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{snip}
....The Fed, with all the power of the government, will take large amount's of my money, and give it to someone else. It's not roads, bridges, or even pork barrel construction projects. Just a big transfer of money. See, this is where I get lost in the thinking..... As I understand it, this new Fed Agency is going to purchase the so called toxic derivative Bonds on the open market. It will be unknown who the Fed purchased the Bonds from, US investment banks, King of Saudi Arabia, or Central Bank of Mainland China. They are just going to buy the bonds at a discount from whoever is selling. These bonds will *NOT* be mortgage loans themselves, as that is what Fanny and Freddie MAC are for. These are bonds derived from Mortgage loans. Or, derived from other derived bonds, or derived from other derived bonds which were derived other derived bonds ...... Does any one remember the Junk Bonds of the last century? As I understand it, and trust me I could be wrong, Sec. Paulson wants the US taxpayer to buy the junk of the junk bonds (which are somehow backed by mortgages somewhere way down deep) in the hope the bonds will be paid something back in 10 or 15 years. Why do I get the feeling of someone with three cards, a card-table, shuffles the cards, and a fast talking shout "Find the Queen, place you money down, and pick the card where your think the Queen is." Could Hank Paulson at least wear a plaid sport coat as he shuffles the cards? |
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