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  • Scrooge

Scrooge

9 months ago

in Senate Blasts Bush’s Bailout Plan on The Washington Independent
We don't need cheerleaders. We need competence.

The US govt should go through and partner with financial institutions that steered clear of toxic assets in the first place.

Split the $700 billion at nominal interest rates among people like Warren Buffett, Bill Gross and Bloomberg, and let them buy up the assets with tax exemption from any profits associated with such purchases.

Reward the companies that didn't create the mess in the first place.
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