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Old 09-28-2008, 01:43 PM
sunnyside sunnyside is offline
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Um. It seems your source fails at linking. I tried following your source to get the full context and wound up watching her talking to people while trying to have a cheesesteak. (which was actually kinda funny).

On the context angle about all that would "fix" it is if she followed that with something like "Because the government should be able to get perhaps 500 billion of that back as assets are liquidated"
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Old 09-28-2008, 01:46 PM
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Quote:
Originally Posted by progressive25 View Post
Philadelphia -- In what appears to be a major gaffe, or a complete misunderstanding of the $700-billion bailout, Republican vice presidential candidate appears to have said that taxpayers won’t be called upon to fund the bailout.

Link to rest.
Since the plan is not official yet, my understanding that it involves insurance companies underwriting the loans, I'm sure the taxpayers are going to foot the bill for the insurance policy, but not directly "bail out" the banks.
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Old 09-28-2008, 01:46 PM
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All of Palin's gaffes are due to witchcraft. An African priest said spells over her to protect her from witchcraft during this difficult time of her life, but it seems not to be working.
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Old 09-28-2008, 01:54 PM
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This ditzy igloo girl is a godsend to dems.
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Old 09-28-2008, 02:03 PM
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Originally Posted by OneThunder View Post
Since the plan is not official yet, my understanding that it involves insurance companies underwriting the loans, I'm sure the taxpayers are going to foot the bill for the insurance policy, but not directly "bail out" the banks.
The last I heard it was for the Treasury Department to underwrite insurance on these loans and that is only a very small part of the "plan" being put forward. Mostly it hinges on the government coming with $700 billion to spend on bad loans from the banks.

And before people become overly optimistic economists are saying that even with the bailout we will continue to see the stock market decline and the recession will continue anywhere from two to four or more years. The statements by Bush and others that the taxpayers might even see a "profit" is pure nonsense according to economists and even with reselling the assets the government acquires the taxpayers can expect to end up on the hook for between 14% to 50% of the $700 billion bailout.
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Old 09-28-2008, 02:07 PM
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The last I heard it was for the Treasury Department to underwrite insurance on these loans and that is only a very small part of the "plan" being put forward. .
You may be right about that, I have been reading the newer articles, and apparently the democratic congress didn't want to have anything to do with the republican insurance plan, although, it will be on a smaller scale.
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Old 09-28-2008, 03:24 PM
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Quote:
Originally Posted by Shiva_TD View Post
The last I heard it was for the Treasury Department to underwrite insurance on these loans and that is only a very small part of the "plan" being put forward. Mostly it hinges on the government coming with $700 billion to spend on bad loans from the banks.

And before people become overly optimistic economists are saying that even with the bailout we will continue to see the stock market decline and the recession will continue anywhere from two to four or more years. The statements by Bush and others that the taxpayers might even see a "profit" is pure nonsense according to economists and even with reselling the assets the government acquires the taxpayers can expect to end up on the hook for between 14% to 50% of the $700 billion bailout.
Yeah, if the paper is so good and profits are going to be made, why not forgo the bailout and let the bankers cash in on the windfall. Heck, I wouldn't object!
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Old 09-28-2008, 03:29 PM
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Quote:
Originally Posted by progressive25 View Post
Philadelphia -- In what appears to be a major gaffe, or a complete misunderstanding of the $700-billion bailout, Republican vice presidential candidate appears to have said that taxpayers won’t be called upon to fund the bailout.

Link to rest.
bailout plan and put it on EBAY!!!!
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