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Treasury: Tranching Merely a Formality
We are so screwed.I have been saying for several days the bailout was the worst of bad ideas and now we know Treasury won't even abide by taxpayer concerns. We are sooo screwed. 1. The tranching is a mere formality, and the Treasury boys as much as said so. They could take the $700 billion max as soon as the bill has passed, 2. However, they do not plan any action immediately, will wait a couple of weeks. They want to focus their efforts on stronger companies but also made noise about protecting the financial system. This, by the way, is the Japanese convoy system all over. Posted by: badanov 2008-09-29 |
| http://www.rantburg.com/poparticle.php?ID=251346 |