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Posted by: berkeley 1 year, 2 months ago

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berkeley1 year, 2 months ago

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"Those that claim that the government will "make money" on the loans or that purchasing these unmarketable securities is a good public investment are either fools or liars. It is of course possible that Congress through the bailout and the Federal Reserve by printing money can effectively double the money supply and that this can, over a course of time lead to a scenario where a $100,000 non-performing loan is satisfied when the underlying property is sold for $200,000. This, however, is not "making money," it is devaluing the dollar."

would the 74 senators rather be called fools, or liars? how about both?

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  populist1 year, 2 months ago
  
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  i'd go with both....or how about - criminals?
  
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