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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:25 AM Original message |
*******OFFICIAL BAILOUT HEARING THREAD # 3********** |
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alfredo (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:28 AM Response to Original message |
1. Thank you. |
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slipslidingaway (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:28 AM Response to Original message |
2. So where did the 700 billion number come from? Has anyone |
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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:28 AM Response to Original message |
3. Dodd asking for specifics on "what if we don't act?" |
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Captain Hilts (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:33 AM Response to Reply #3 |
6. Dodd's an ace. I'm glad I sent him money during the primaries. nt |
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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:29 AM Response to Original message |
4. Sounding a little nervous there Ben |
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DemReadingDU (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:34 AM Response to Reply #4 |
8. Paulson is shook up too, can't get out the words |
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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:30 AM Response to Original message |
5. Great, what did we learn from that question? |
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Gin (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:35 AM Response to Reply #5 |
11. based on their answers...there is time to review all of this... IMO |
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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:36 AM Response to Reply #11 |
13. I don't think the CEO's of these companies are gonna go hungry in the next week |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:34 AM Response to Original message |
7. Has anyone asked Paulson about his personal interest in seeing |
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barbtries (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:47 AM Response to Reply #7 |
38. i'm also trying to listen for some questions |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:48 AM Response to Reply #7 |
45. he would like banks to function, even Neocons need them |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:55 AM Response to Reply #45 |
60. Can you trust a Wall Street veteran with a Wall Street bailout? |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:35 AM Response to Original message |
9. Paulson asked if he consided any other proposals - he nodded yes - Sen Shelby asking |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:38 AM Response to Reply #9 |
15. 1. "a lot of work with dealing with forclosures" 2. a case by case proposal - |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:39 AM Response to Reply #9 |
16. Now Bernanke's turn to respond - firms we're dealing with now are not failing but |
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MorningGlow (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:35 AM Response to Original message |
10. ROFL! Shelby--"You did consider other proposals...?" |
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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:35 AM Response to Original message |
12. Wow Shelby asking what other plans they considered |
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MorningGlow (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:36 AM Response to Original message |
14. Ub ub uh ub... |
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Gin (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:41 AM Response to Reply #14 |
17. I am glad Hank cares about me. Liar |
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Gin (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:42 AM Response to Reply #17 |
21. we are doing this to protect "The System"....gee I thought the system was |
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Mist (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:41 AM Response to Original message |
18. Paulson on rationalizing buying foreign assets: well, foreigners are |
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MadrasT (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:41 AM Response to Original message |
19. "This is all about the American taxpayer" |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:42 AM Response to Reply #19 |
22. I was offended by that as well. |
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GoodSpud (153 posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:42 AM Response to Reply #19 |
23. I second that call n/t |
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bdamomma (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:50 AM Response to Reply #19 |
55. Paulson said that. |
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AngryOldDem (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:03 AM Response to Reply #19 |
72. Like hell it is. |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:41 AM Response to Original message |
20. Paulson said dealing with complicated securities with various asset classes |
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Mist (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:42 AM Response to Reply #20 |
24. Yeah--their line, post election: "Well, we TRIED." nt |
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Gin (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:45 AM Response to Reply #20 |
31. I noticed that too...it sounds so dire..NOT......get it done by Friday.... |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:43 AM Response to Original message |
25. Shelby - how do you justify bailing out banks that are root cause of this problem? |
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Wilber_Stool (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:44 AM Response to Original message |
26. I think being charged with |
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MorningGlow (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:44 AM Response to Original message |
27. Shelby! Dude is holding Paulson's stinky feet to the fire |
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barbtries (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:44 AM Response to Original message |
28. okay. |
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MorningGlow (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:45 AM Response to Reply #28 |
34. Agree |
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Mist (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:44 AM Response to Original message |
29. Paulson says "this problem has been brewing for a long time." While you and your |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:44 AM Response to Original message |
30. Shelby - what if it doesn't work - your others didn't. |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:00 AM Response to Reply #30 |
67. But the housing prices have dropped which have left those derivatives worthless now. |
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Solly Mack (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:45 AM Response to Original message |
32. He didn't ask - what does the plan do...he asked, what if it doesn't work |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:45 AM Response to Original message |
33. Regrettably not every homeowner will be able to stay in their home. But |
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L. Coyote (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:46 AM Response to Original message |
35. "dealing with the root cause" ROFLMAO |
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SmokingJacket (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:46 AM Response to Original message |
36. I have a question: Would buying up all the bad debt mean |
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Solly Mack (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:47 AM Response to Original message |
37. I agree with consequences...but not now |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:47 AM Response to Original message |
39. Continues to put any "fixing" back on congress pointing to totally outmoded regulation system. |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:48 AM Response to Reply #39 |
42. Now says most shoddy mortgages were regulated at the state level. |
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mikelgb (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:47 AM Response to Original message |
40. wow |
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gateley (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:47 AM Response to Original message |
41. Paulson keep saying that it "better than the alternative" -- |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:48 AM Response to Reply #41 |
48. or HOW it's going to be paid for???? |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:49 AM Response to Reply #41 |
53. yes |
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MorningGlow (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:48 AM Response to Original message |
43. OMG Paulson was "shocked--SHOCKED" |
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MadrasT (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:48 AM Response to Reply #43 |
50. Shocked. My. Ass. |
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Mist (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:48 AM Response to Original message |
44. Paulson claims that the regulatory system didn't keep up with the financial system. He has a point, |
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Gin (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:48 AM Response to Reply #44 |
49. hmmm...future administrations let exist....interesting |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:48 AM Response to Original message |
46. In terms of compensation, lots needs doing but Paulson submits we can't do those quickly enough |
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Solly Mack (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:48 AM Response to Original message |
47. lolol there wasn't the kind of regulations in place to boost a free market |
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Mist (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:54 AM Response to Reply #47 |
59. What mendacity--there has been a "NO OVERSIGHT, NO REGULATIONS" administration in place |
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Solly Mack (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:55 AM Response to Reply #59 |
61. Exactly! I about fell out of my chair when he said that |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:49 AM Response to Original message |
51. Paulson: guess what, taxpayers are already on the hook - if this system is not fixed |
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MorningGlow (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:50 AM Response to Reply #51 |
54. Yeah--sounded like a threat to me |
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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:52 AM Response to Reply #54 |
57. So if we're going to pay anyway |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:53 AM Response to Reply #57 |
58. Now you just KNOW they'll say we'll pay MORE through failure than this attempt to save. |
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MorningGlow (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:21 AM Response to Reply #57 |
83. Yeah, I love Paulson's threats |
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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:49 AM Response to Original message |
52. Just flat out extorting us |
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cyberpj (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:51 AM Response to Original message |
56. That's about all I can blog y'all - I've had my fill of demands with no substance. Later taters. |
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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:55 AM Response to Original message |
62. Reverse Auction |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:06 AM Response to Reply #62 |
76. yes because the whole idea is for the Govt to clean up the securities |
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kentuck (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:56 AM Response to Original message |
63. We're dealing with "complex securities"... |
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Gin (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:58 AM Response to Reply #63 |
64. exactly...................... |
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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:59 AM Response to Reply #63 |
66. So complex they took three whole pages to explain it originally |
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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 10:58 AM Response to Original message |
65. THREAD FOUR HERE |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:01 AM Response to Reply #65 |
68. You could probably go 100 posts between threads |
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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:03 AM Response to Reply #68 |
71. I know but I might have to leave the party soon |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:05 AM Response to Reply #71 |
74. I'm down to half dosage on my meds. |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:02 AM Response to Reply #65 |
70. 100 posts is usually the baseline for a new thread |
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shadowknows69 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:03 AM Response to Reply #70 |
73. We live we learn |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:01 AM Response to Original message |
69. many people are confusing issues |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:05 AM Response to Original message |
75. Paulsons problem is that he cannot explain himself |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:08 AM Response to Reply #75 |
78. Or is afraid to. nt |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:13 AM Response to Reply #78 |
80. no, I think he just cannot explain himself and the Senators are confusing things |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:16 AM Response to Reply #80 |
82. See post #60, and why |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:26 AM Response to Reply #82 |
87. because potentially banks stop moving money around |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:30 AM Response to Reply #87 |
90. I've referenced HR's posts. Here's a different POV: |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:34 AM Response to Reply #90 |
92. I do not agree |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:37 AM Response to Reply #92 |
93. You are so right! I have a very difficult time believing them |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:45 AM Response to Reply #93 |
94. I am not going by Rethugs opinions of this because they are mostly shit for brains |
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BraneMatter (99 posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:07 AM Response to Original message |
77. the market today... |
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Wilber_Stool (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:11 AM Response to Original message |
79. And because this has to be done at record speed |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:14 AM Response to Reply #79 |
81. do banks rely on your car to back interbank loans????? |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:23 AM Response to Original message |
84. what strikes this to me is that Paulson HATES having to do this |
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bushmeister0 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:27 AM Response to Reply #84 |
88. Newt Gingrich yesterday on ATC |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:24 AM Original message |
Hagel is right, there is a lot of misunderstanding here |
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bushmeister0 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:24 AM Response to Original message |
85. Who are these "experts" Paulson is talking about? |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:25 AM Response to Reply #85 |
86. he is going to need a lot of people to go through the mbs and remove bad loans |
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LSK (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:27 AM Response to Original message |
89. dude can you please explain how banks use MBS |
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bushmeister0 (1000+ posts) Send PM | Profile | Ignore | Tue Sep-23-08 11:33 AM Response to Original message |
91. Eliminating conflicts of interest? |
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