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09/26/08 7:13 AM

#67557 RE: ieddyi #67555

ieddyi -- ya really oughta read these first --

Robert Litan, an expert on banking and finance at the Brookings Institution, called the framework unworkable, saying it would not achieve the basic goal of creating a market—and establishing prices—for mortgage securities no one's willing to buy.

"Everything depends on how you value the security," Litan said. "If you do the deposit insurance scheme, there's nobody out there to know what the right price is."


sortagreen

09/26/08 12:52 PM

#67626 RE: ieddyi #67555

That's just too funny...

Taxcuts!