the Feds loaned money to AIG at 11.25% - no fools them
so the presumption is the Feds are buying debt at a discount but
at what amount ?
if they're paying 20 cents on the dollar that means the 'problem'
is 3.5 trillion dollars large, at 50 cents on the dollar it's 1.4 trillion
dollars large
one for instance example is Florida has a 5 year supply of condos
another is how many homes(mortgages) have been demolished
or in need of demolishing since they've been stripped and
is the 700 billion just the downpayment ?
so the presumption is the Feds are buying debt at a discount but
at what amount ?
if they're paying 20 cents on the dollar that means the 'problem'
is 3.5 trillion dollars large, at 50 cents on the dollar it's 1.4 trillion
dollars large
one for instance example is Florida has a 5 year supply of condos
another is how many homes(mortgages) have been demolished
or in need of demolishing since they've been stripped and
is the 700 billion just the downpayment ?