Old 02-24-2009, 04:14 AM
  #15  
s_ebels
Senior Member
 
Join Date: Mar 2006
Location: Northern Lower Michigan
Posts: 2,547
Default Re: Help Me Understand This Bank Bailout Thing

In other words...........Those banks are already nationalized. The Gubmint has given them more $$ than they are worth (as a loan, a securitized lo,an) So the Gubminty holds all the valid assets.
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