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Krugman Just Now
This is nuts
Ok, Hank want to buy the distressed securities for the ORIGINAL value of the Note? Gee, and if home values continue to decline? What a deal for the taxpayer! Not!
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Comments (1)
Krugman asks; What possible justification can there be for doing this without acquiring an equity stake?
The justification will be that we either do it or we lose our retirement savings, and our jobs after that. In other words, give us your money or else. It's extortion. It's a robbery in progress.
September 23, 2008 3:07 PM | Reply | Permalink
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