Indeed, Gabe is always good for a chuckle. I have to LOL at the notion that taxpayers will be getting a great deal on those securities. The base reason for this scheme is to OVERPAY for those securities, so that the banks can cook their books by inflating the value of those securities. Oh, and I have to LOL at the notion that the banks are going to keep the bad securities and only sell us the good ones.
The U.S. Economy After the Bailout [View article]