Quote:
Originally Posted by IllTestYourGirls
No Obama is doing a fine job selling it for Bush. With his whole fake "I dont want greedy ceos blah blah blah" But guess what wall st will still get their 700 billion and your grandchildren will be paying for it
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Nahhh, the gov. will make a profit on it. Some of those securitized products are selling as if the default rate is going to be 80%. No way!
Bill Gross figures they'll pull about a 7 or 8% profit on them -even by paying close to the maturity price and after paying back the T-bill rates.