Quote:
Originally Posted by WarChild
Many of you seem to think the Resolution Trust will take worthless assets and impair the US balance sheet. This is driven by the incorrect assumption that mortgages and houses are worth nothing at all. While not holding the value they once did, they're certainly not worth half of what they once were.
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You're just as bad as the people you're ridiculing, just in reverse.
The gov't has yet to tell us what price they will be paying for these securities, and THAT is what's going to make all the difference in whether or not this is a good deal for the taxpayer.
Your blind belief that this won't be a bad thing for us is just as bad someone else's blind belief that it will be bad for us.
All of this stuff you've been posting is meaningless unless you have credentials and formal training as an economist, or you add citations to your statements from reputable sources.
Otherwise, it's all just your opinion, which, given your lack of expertise in economics, is worth no more than anyone else's opinion.
