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Steven Hansen is a
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the banks can only sell to the fed at a price at which they are prepared to take a loss. if the price is too low the bank will destroy its asset base. this is the oppositions primary argument why this program will not achieve its intended purpose.
Oct 05 09:29 am
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All Comments by Steven Hansen »TARP Passes - Now What? [View article]
i have been converted to the nationalization of banks camp. this gets money (credit) flowing immediately, allows the government time to work the toxic crap off of the books, and costs literally nothing.