Quote from futuman:
Sorry for the shorts.
Quote from WaveStrider:
Didn't Warren Buffet offer to take the best rated stuff from AMBAC? They turned him down and complained he wouldn't take the subprime crap (like he was going to drink the Kool-Aid after avoiding it?).
Is taking on the AAA only the same thing? Then doesn't the Fed own the best stuff like Buffet was trying to do? If so - then exactly who is that Fed that is the new Buffet?

Quote from WaveStrider:
Didn't Warren Buffet offer to take the best rated stuff from AMBAC? They turned him down and complained he wouldn't take the subprime crap (like he was going to drink the Kool-Aid after avoiding it?).
Is taking on the AAA only the same thing? Then doesn't the Fed own the best stuff like Buffet was trying to do? If so - then exactly who is that Fed that is the new Buffet?
<object width="425" height="355"><param name="movie" value="http://www.youtube.com/v/dgpUf1psloY"></param><param name="wmode" value="transparent"></param><embed src="http://www.youtube.com/v/dgpUf1psloY" type="application/x-shockwave-flash" wmode="transparent" width="425" height="355"></embed></object>Quote from gnome:
2. When the "term" is up and time for the "loan" to be repaid, the Fed says, "fuggetaboutit".