no, because he will be engaged in a buy and hold strategy. The whole point is that a quarter-million-dollar house if currently not worth a quarter-million, merely because of the current climate. So if you buy and seel when the market has recovered, you make a profit. Theoretically. So even if the money is gone there will still be assets.
On Thu, Sep 25, 2008 at 12:15 PM, G Money <[EMAIL PROTECTED]> wrote: > Isn't that specifically what the proposal in question is talking about....? > How to spend the $700 billion? It says that whatever the treasury secretary > wants to buy, he gets to decide...without a court or committee or anything > else getting any say-so. > > I mean, that's not a good thing, in my opinion, but that's hardly > dictatorial powers. When the money's used up, this power's gone. > > On Thu, Sep 25, 2008 at 12:41 PM, Dana <[EMAIL PROTECTED]> wrote: > >> are you sure of that? I am not. >> >> On Thu, Sep 25, 2008 at 6:20 AM, G Money <[EMAIL PROTECTED]> wrote: >> > "his decisions" >> > >> > No, only his decisions on what assets to buy etc. with the bailout money. >> I >> > don't agree with it, but it's MUCH more benign than "The Treasury >> Secretary >> > becomes a dictator!" >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:270870 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
