Wednesday, May 27, 2009

Follow In Bank Footsteps

The bank ripoff of the taxpayer is continuing and becoming more brazen.
Some banks are prodding the government to let them use public money to help buy troubled assets from the banks themselves.

Banks are going to buy their marked-down "assets" (junk) with taxpayer financing. Find how the buying/bidding will be done, and outbid the banks when they are bidding on their own junk.

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