Paulson and his friends know very well that forclosures in 2009 will be huge. CDOs selling for 50c on the Dollar now will be worth 25c on the Dollar next year. So this is a great time to dump the toxic waste to tax payers. FNM projected 5 million forclosures next year for the nation costing $1 trillion in loan losses.
Get the money to the house owners if you really want to fix the problem.
Why the bailout Now?
Started by
mike123
, Sep 22 2008 01:04 PM
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