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``the vast majority of foreclosures in this country -- as regrettable as they are and as painful as they are -- are coming from people who either don't want to stay in their home and live up to their obligations or those that never had the financial capability to stay in their home.''
That'll be 700 billion, missus, but I don't how long it'll last. Course, it would be a lot more to do the job properly etc...etc
a qlipoth tipoff
I suspect that part of what we're seeing in the freezing up of lending markets is strategic behavior on the part of big financial players who stand to benefit from the bailout,'' said David K. Levine, an economist at Washington University in St. Louis, who studies liquidity constraints and game theory.
Friday, 26 September 2008
Discipline
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In fact, some of the most basic details, including the $700 billion figure Treasury would use to buy up bad debt, are fuzzy.
"It's not based on any particular data point," a Treasury spokeswoman told Forbes.com Tuesday. "We just wanted to choose a really large number."
http://www.forbes.com/home/2008/09/23/bailout-paulson-congress-biz-beltway-cx_jz_bw_0923bailout.html
FAIL
http://ptrace.fefe.de/bernankepaulsonfail.jpg
I'd like to nominate Max Keiser as an honorary member of the Conspiraloon Alliance:
This is a financial controlled demolition! like 911
He gives me the creeps personally, but other members of the high council have a more generous nature than I.
Not that generous
...it is s good turn Max does in that clip but Michael Hudson is still the Looniest economician of them all IMHO
No argument there, he's also a lot funnier than maxx, eg:The Dow Jones' Wonderfully Cheesy Addition
People who know what go into sausages or CDOs rarely want to buy them
Comedy Gold!!
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