Firedoglake » James K. Galbraith Reponds to Geithner’s Toxic Asset Plan »
Posted By cosmogenium 8 months, 3 weeks ago in Business & FinanceThe central Treasury assumption, at least for public consumption, seems to be that the underlying mortgage loans will largely pay off, so that if the PPIP buys and holds, at an above-present-market price governed by auction, the government's loan to finance the purchase will not go bad.
Read Full Story at firedoglake.com »
158 Views Share Story 1 Comment Report
Submitted By:
cosmogenium
Your typical liberal curmudgeon old fart blogger with thoughts on most everything trying to change the world and fight fascism one mind at a time.
RSS Join the Discussion
+ Add CommentComments So Far: 1 (view all)
-
Neutral
barucci8 months, 1 week ago
This comment is below the standard viewing threshold View It ยป
Heard him interviewed on national radio and was very impressed! Following in his father's large footsteps!
Reply
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.