S. Murphy

Paulson/Bernanke: $700 Billion at 'Hold to Maturity' Pricing

Anyone that knows even a little about financing can figure out that money today is worth far more than money in the future. This deal requires the American taxpayers to not only front the money today but also, pay the prices of the future. Hello would anyone in their right mind take this deal on a morgage. Sure, I'll buy the $100,000 house today in cash and I'll even pay you what it will be worth in 10years. maybe $250,000 - $350,000. Would you turn this down?