[turbo6bar]

The problem ain't bonds. The problem is the debt obligations which happen to be totally worthless. Also, Alt-A and Prime mortgage portfolios are deteriorating. The holders have not set aside enough dollars to cover defaults. The failures are at multiple levels. If it was easy as buying up "bonds" at pennies on the dollar, private money would have already stepped in.

The idea the government is going to profit on this bad debt is laughable. Sure, the government may turn a profit on select pieces of bad debt, but overall, they will incur a great loss which will be passed on via debt to hard working Americans.

Jurgen