Originally Posted by kap17
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This is the main problem and this is the reason I don't trust the government to do a good job with this. Banks have already written down a lot of losses on those loans and if they will now sell those to the government at face value when they were originated then I think that is plain wrong.

I agree that would be VERY wrong. And as I understand it, that is not what is now being considered.... ie to take these loans at original face value.

"It's not a lie if you believe it." -- George Costanza
The whole problem with the world is that fools and fanatics are always so certain of themselves. --Bertrand Russel