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Economic bailout..

Name: Anonymous 2008-10-08 15:31

Are they purchasing the mortgages for market value, or for what the sellers paid for the mortgages? Because it says in title I, section 101:
>Secretary shall ... prevent the sale of a troubled asset to the Secretary at a higher price than what the seller paid to purchase the asset
But if we even paid as much as the sellers paid, it would probably be a big overpayment with the current market..

Name: Anonymous 2008-10-08 16:40

LET THEM BURN! WHY A BAILOUT? IT IS THEIR FAULT FOR GIVING THEIR MONEY TO AN ENTERPRISE THAT WAS GOING TO FAIL! THE FREE MARKET SHALL JUDGE WHO IS NAUGHTY AND WHO IS GOOD!

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