The Mudcat Café TM
Thread #114542   Message #2445156
Posted By: Rapparee
19-Sep-08 - 12:31 PM
Thread Name: BS: Bad debts for sale
Subject: BS: Bad debts for sale
The US government -- my government -- is going to use taxpayers' money (i.e., my money) to buy up bad debts and thereby rescue the financial institutions.

So I'm going to own a bunch of bad debts.

I'll be happy to sell these debts (just like the Big Boys have been doing) to the highest bidder.

Cash (Euros or gold preferred) on the barrelhead -- no credit, no swaps.

Step right up, ladies and gents, who'll open the bidding?