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Interesting comment on bailout plan
From: David Farber <dave () farber net>
Date: Thu, 25 Sep 2008 20:19:08 -0400
Begin forwarded message: From: "David Boyes" <dboyes () sinenomine net> Date: September 25, 2008 4:11:44 PM EDT To: <dave () farber net> Subject: Interesting comment on bailout plan For IP if you want. A comment from a NPR Marketplace article posting this morning: Bill Devine From Brooklin, 09/25/2008If our financial markets are true to form, the instant the bailout package is approved, the price for these "toxic" mortgage-backed securities will skyrocket. Seems to me one restriction might be to establish the maximum purchase price at 110% of their street value on Monday, September 22 (or other pre-approval date). That or cap it at the book value so we at least get the benefit of the investment banks' write-downs.
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- Interesting comment on bailout plan David Farber (Sep 25)
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- Re: Interesting comment on bailout plan David Farber (Sep 26)
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