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THOUGHT FOR THE DAY!

" One in 10 chance perhaps, but save Chile! ... not concerned with risks involved ... $10,000,000 available, more if necessary ... make the economy scream."-- CIA Director Richard Helms, discussing plan to destabilize government of Chile under democractically-elected President Salvador Allende

 

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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