Toxic Asset Plan Will Leave The Same Amount Of Toxic Assets In The System, But With the Taxpayers Now Liable For Most Of The Losses | WHAT REALLY HAPPENED

Toxic Asset Plan Will Leave The Same Amount Of Toxic Assets In The System, But With the Taxpayers Now Liable For Most Of The Losses

The government is guaranteeing 85% of the value of the toxic assets.

So the taxpayers (who anteed up for the bailout funds which the banks are now using to purchase the assets) will again pick up the tab when the assets turn out to not be worth as much as the banks are paying for them.

Webmaster's Commentary: 

At the end of the day, in the way this deal has been structured, it is We the People, We the Taxpayers who are winding up getting screwed twice.

Angry yet?!?!?

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