checkout bloomberg.com!!! it seems the auction of thornburg mortgage assets could throw a wrench into geithner's ponzie scheme of overvalueing assests of mortgage securities. they said that the auction could set a benchmark for assets so that the government couldnt set their own price for the toxic assets. the gov't wants to be the one to set that benchmark.i think they are going to drum up a reason to back thornburg to prop them up so they can still go ahead with their own overpricing of toxic assets. the gov't does not want a comparison done with their numbers because then they would be exposed once again for overinflation of toxic assets! it seems Blackrock is now in the picture and they dont want this benchmark set. they are going to have to do something about thornburgs auction before this geithner plan can proceed. sounds great for us!!!!
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