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| Treasury: Tranching Merely a Formality |
| 2008-09-29 |
| We are so screwed. I have been saying for several days the bailout was the worst of bad ideas and now we know Treasury won't even abide by taxpayer concerns. We are sooo screwed. 1. The tranching is a mere formality, and the Treasury boys as much as said so. They could take the $700 billion max as soon as the bill has passed, 2. However, they do not plan any action immediately, will wait a couple of weeks. They want to focus their efforts on stronger companies but also made noise about protecting the financial system. This, by the way, is the Japanese convoy system all over. |
| Posted by:badanov |
| #1 Like I said, there is a reason Paulson is trying to ram this handout bill through in the shortest time possible - once this monstrous turd has been sitting awhile, and its implications sliced and diced, its stink will be so pervasive that no Congresscritter will own up to having supported it verbally, let alone vote for it. |
| Posted by: Zhang Fei 2008-09-29 17:12 |