Created by philip from http://obamiconme.pastemagazine.com/entries/622-i-can-haz-bailout.html
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2 comments:
Do you think it will work?
Not really, gov't wanted to use TARP money to buy bad assets from banks. But it's just too hard to price these assets, what is fair value? If prices are set low, banks don't want to sell, it's also not fair for taxpayers to pay more than they should.
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