We are talking dollars versus doghnuts:
The current bills in the Senate and House of Representatives will fund foreign financial investments at the expense of the US Taxpayer.
There is money to be made by purchasing foreign holdings of US generated: Mortgage/Student Loan/Credit Card/Auto Loan, CDO's and submitting it to the US Treasury for compensation.
Without specific language concerning who originated the CDO and when the US Repository came into ownership: the original cost of this socialist program will balloon exponentially.
The Senate should add language fixing the date of aquisition of any taxpayer funded repurchase of mortgage/student loan/credit card/ auto loan derivative financial instrument.
Absent language, we could well end up sworded on the tip of the very institutions that created the current situation.
The current bills in the Senate and House of Representatives will fund foreign financial investments at the expense of the US Taxpayer.
There is money to be made by purchasing foreign holdings of US generated: Mortgage/Student Loan/Credit Card/Auto Loan, CDO's and submitting it to the US Treasury for compensation.
Without specific language concerning who originated the CDO and when the US Repository came into ownership: the original cost of this socialist program will balloon exponentially.
The Senate should add language fixing the date of aquisition of any taxpayer funded repurchase of mortgage/student loan/credit card/ auto loan derivative financial instrument.
Absent language, we could well end up sworded on the tip of the very institutions that created the current situation.