US to buy up $1tn in toxic assets

Newshound · 03-23-2009, 01:30 PM

US Treasury unveils details of a plan worth up to $1 trillion to encourage private investors to buy up toxic assets.

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alyscat · 03-23-2009, 04:22 PM

And we'll pay for it as a nation - pay for the idiocy of the people who agreed to them in the first place.

I can't imagine private investors in their right mind buying this kind of stuff, unless they just need a tax write-off (which we'd end up paying for too, only at a bit more removed).

alys

03-23-2009, 01:30 PM	#1
Newshound News Bot Join Date: Jan 2009 Posts: 596	US to buy up $1tn in toxic assets US Treasury unveils details of a plan worth up to $1 trillion to encourage private investors to buy up toxic assets. More...

03-23-2009, 04:22 PM	#2
alyscat Avalon Senior Member Join Date: Sep 2008 Location: Washington state Posts: 743	Re: US to buy up $1tn in toxic assets And we'll pay for it as a nation - pay for the idiocy of the people who agreed to them in the first place. I can't imagine private investors in their right mind buying this kind of stuff, unless they just need a tax write-off (which we'd end up paying for too, only at a bit more removed). alys