What's your opinion then on the math I laid out. It seems to me that if we are discussing buying up defaulted mortgages then the amount needed shouldn't be anywhere in the 700 billion range. Yet that number is what everyone on capitol hill seems to be using (even if the democrats want to get there is steps).
On Wed, Oct 1, 2008 at 1:17 PM, Maureen <[EMAIL PROTECTED]> wrote: > I read the bill. It says mortgage based assets. Some attempts were > made to extend that to all debt, foreign or domestic Didn't happen. > > On Wed, Oct 1, 2008 at 12:08 PM, Judah McAuley <[EMAIL PROTECTED]> > wrote: > > Are you sure on that Maureen? I seem to recall it was originally listed > as > > "mortgage-related securities" and was deliberately kept vague in > Paulson's > > proposal so that the Secretary would have broad authority to purchase > where > > he deemed it would do the most good (or just wanted to I suppose). > Perhaps > > that language changed in the bill brought before the House? > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:271835 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
