We're talking about buying up mortgages for pennies on the dollar, sitting on them while the market recovers, and then selling them off at a profit.
As I've said in other replies, if I had $700 billion, I'd do the bailout myself, and I'd make money hand over fist doing it. It's a spectacularly good investment opportunity.
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We're talking about buying up mortgages for pennies on the dollar, sitting on them while the market recovers, and then selling them off at a profit.
As I've said in other replies, if I had $700 billion, I'd do the bailout myself, and I'd make money hand over fist doing it. It's a spectacularly good investment opportunity.