Quote:

Finger pointing liberals need to chill, a bill will get signed soon, but hopefully the right one, not some bullshit one where the government buys up bad mortgages (WITH OUR MONEY) putting us in greater future economic peril instead of insuring them like the Republican's want, so there's some accountability. Responsible taxpayers shouldn't have to pay for bad lenders, greedy suits and the idiots who over extended their credit and couldn't pay it back. It's an American problem, not solely a Republican one... wake the fuck up.



Buy or insure, either way the taxpayer takes on the risk. Insuring them complicates the situation further, which doesn't help when a big part of the problem is overly-complicated financial instruments. Buy the toxic assets out of the system and you give the market the certainty it needs to get back to normality.

The taxpayer could even make a profit - they were not talking about buying them at full redemption value. Of course, that becomes less likely the longer they drag this out, damaging the economy further.
_________________________
"If I were a guy, not swallowing would be a deal breaker. So what if you cook and clean? I can get a maid for that." - Gia Jordan