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THOUGHT FOR THE DAY!

"I am strongly in favor of using poisoned gas against uncivilized tribes. The moral effect should be good...and it would spread a lively terror.... "-- Winston Churchill commenting on the British use of poison gas against the Iraqis after World War I

 

Paulson Seeks Mortgage Value That Eluded Bear, Lehman

U.S. Treasury Secretary Henry Paulson's bailout plan hinges on answering the question that has vexed global markets for more than a year and sunk two securities firms: What's a bad mortgage worth?

Webmaster's Commentary: 

The bailout is trying to sell the claim that these assets will eventually increase and value and yield a profit. If that were true there would be no need to stick the taxpayers with them; Wal Street itself would buy them up.

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