j munny

The Hedge Fund of America, LP

"conceptually it is simple: borrow at 3.75%, invest at 15%, and pocket the difference on $700 billion"

Is it "conceptually simple" to just assume that when the Government buys a loan it will automatically be made whole and people will stop defaulting?

"Simultaneously this plan provides much needed liquidity to reignite frozen markets"

Knowing that Uncle Sam is ready with his checkbook to save the banks when they make a bad investment - is that the kind of credit market we want back?