And the bailout's fine print time bomb - it's ongoing. – Current Events

And the bailout's fine print time bomb - it's ongoing.

Bowser — 9/25/2008 1:41:33 AM (archived)

It's in Section 6, and the key phrase is this: "The Secretary's authority to purchase mortgage-related assets under this Act shall be limited to $700,000,000,000 outstanding at any one time."

You can't trust those Republicans to be straight with anything, can you?

Arf

The whole thread (9 posts)

And the bailout's fine print time bomb - it's ongoing. - Bowser - 9/25/2008 1:41:33 AM
- If the government promises to buy those bad loans... - ER - 9/25/2008 8:25:15 PM
- Secretary can purchaseup to $700,000,000,000 in mortgages???? - Is that 7 TRILLION - 9/25/2008 11:26:07 AM
  - seven hundred billion, or 0.7 trillion (n/t) - ARRELL - 9/25/2008 3:05:05 PM
- re: It's a complete disaster...Bush made such a wonderful speech - TAFKASE - 9/25/2008 9:37:28 AM
- "Bailout Could Deepen Crisis, CBO Chief Says" - Bowser - 9/25/2008 3:58:43 AM
  - The CBO has zero Credibility here... - TAFKASE - 9/25/2008 9:52:10 AM
    - And you have HOW much? (n/t) - Bowser - 9/25/2008 12:30:23 PM
      - In general its best to assume reality is the opposite of what scott claims.... - ARRELL - 9/26/2008 1:16:52 PM

Recent posts

On this day in Current Events

The whole thread (9 posts)