Welcome to the second, less frequently-posted decade of RevMod.

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Tuesday, September 23, 2008

The mortgage bailout, explained

Are you American? Do you own something that you think is worth more than anyone else is willing to pay for it? Perhaps the Treasury Department would like to buy that stuff, too! Here's a website that allows you to itemize what you'd like to be rid of, and what you'd like the American taxpayer to give you for it.

Is there a particular reason that the Treasury wants to buy the bad debts, rather than just, say, buy the banks themselves?

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