Thread: So you wanna sell a $700 billion plan and send Bush on national TV to do it??
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Old 09-24-2008, 01:57 PM  
IllTestYourGirls
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Quote:
Originally Posted by ADL Colin View Post
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.
Then why arent others buying it?
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