European Tribune - Comments - Paulson and Bernanke ratchet up the blackmail talk

Paulson and Bernanke ratchet up the blackmail talk | 59 comments (59 topical, 0 editorial, 0 hidden)

So, the plan is that the government buys the shitpile from the banks at nominal mark to maturity prices. Does that mean that mortgage holders get to sell their houses to the banks at the price they were appraised at when the loans were given?

by MarekNYC on Tue Sep 23rd, 2008 at 02:01:07 PM EST

Re: modest proposal (4.00 / 2)

Of course not!
Remember personal responsibility!
Helping mortgage holders would be ... un-American, French, European, socialist?

/snark

"Mark to maturity" prices. Unbelievable.
Well, at least they made their priorities clear.
A last $700 billion farewell present from Bush to his base, the "haves and the have-mores".

by Detlef (Detlef1961_at_yahoo_dot_de) on Tue Sep 23rd, 2008 at 02:19:37 PM EST
[ Parent ]

Re: modest proposal (none / 0)

Hmmh. I guess as a frenchified fake American with a strong European identity I would think in that anti-American fashion. And I live in a city, NYC even, everyone knows that only small town and rural Americans are 'real America'. Plus I eat arugula, and drink wine. But I don't do lattes.

by MarekNYC on Tue Sep 23rd, 2008 at 02:23:49 PM EST
[ Parent ]

Paulson and Bernanke ratchet up the blackmail talk | 59 comments (59 topical, 0 editorial, 0 hidden)

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