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2008-11-12 Home Front Economy

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Posted by tipper 2008-11-12 12:44|| || Front Page|| [3 views ] Top

#1 Regarding the mortgages, looks like he's applying the Soros method of adding funds to banks to bring them up to their reserve requirements.

Paulson said 40 percent of U.S. consumer credit is provided through selling securities that are backed by pools of auto loans and other such debt. He said these markets need support.

"This market, which is vital for lending and growth, has for all practical purposes ground to a halt," Paulson said.

"Other such debt."

Ah, now we are bailing out consumer loans? And this was discussed when?

Posted by KBK 2008-11-12 13:06|| 2008-11-12 13:06|| Front Page Top

#2 Subprime was just the tip of the sh*tberg.

Posted by Alaska Paul 2008-11-12 14:32|| 2008-11-12 14:32|| Front Page Top

#3 The old switcheroo!

Posted by bigjim-ky 2008-11-12 15:13|| 2008-11-12 15:13|| Front Page Top

#4 I'm no economic expert, but I smell rats at work....

Posted by Scooter McGruder 2008-11-12 16:51|| 2008-11-12 16:51|| Front Page Top

#5 Hanky P is King Rat.

Time for taxpayers to bail out hank's fiends bonus schemes again.

Posted by Bright Pebbles 2008-11-12 17:33|| 2008-11-12 17:33|| Front Page Top

#6 Somebody send Hank the message that Obama won already, thanks.

Posted by KBK 2008-11-12 17:33|| 2008-11-12 17:33|| Front Page Top

#7 Paulson at the initial bail out demand...