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government is teaming up with private investors?
so the government is teaming up with private investors to sell them the toxic assets form banks,so then the private investors put this assets up for bid? and then what happens?
Public Comments
- This was discussed on TV tonight. Dick Morris said that it is a plan designed to purposely fail. Government is looking for a reason to nationalize the banks. When private citizens fail to come up with their 25% to buy the "toxic" assets. It will give Obama a reason to nationalize the banks. The government can cover the costs of the toxic assets by just printing the money. Morris said, when this fails, the government will let the investors roast. If you are for and support all this new debt, then by all means put your money into it. If you are against it, stay away from it as far as you can. More than likely, you wanted change, you voted for it....go for it.
