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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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Posted on Sep 24, 2008 at 21:07
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