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Bad Debt Plan May Cost Up to Half a Trillion Dollars

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Jazzyguy

posted on Sep, 19 2008 @ 12:06 AM
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Bad Debt Plan May Cost Up to Half a Trillion Dollars


www.cnbc.com

The proposal to create a massive facility to buy mortgage-backed securities could cost as much as a half-trillion-dollars and would involve the purchase of both private-label and government-guaranteed mortgages, according to an administration official.
(visit the link for the full news article)


Related News Links:
money.cnn.com
www.nytimes.com


Jazzyguy

posted on Sep, 19 2008 @ 12:06 AM
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Financing by sale of treasuries, oh oh, I hope this won't burden the younger generations. (yeah right)

What did I tell you, you're gonna need those asian money. And they're doing it already.

Morgan Stanley talks to Chinese

FT: Morgan Stanley Prefers China To Wachovia

www.cnbc.com
(visit the link for the full news article)



 
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