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The big question is what the government pays for these assets. If they pay close to where they are being priced today then yes they could easily make money. IF on the other hand they over pay for the assets then the opportunity for gains deminishes significantly.
Buffett assumes that they will pay bargain prices. I'm not so sure that I trust the government to pay "bargain" prices with our money. It wouldn't bother me if Buffett was handed the responsibility of buying this stuff from the banks. Hell anybody that can get 10% interest with a 3 year call and warrants on a AAA rated company knows how to pick the pocket of these banks.
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Last edited by Rich76_911s; 10-02-2008 at 08:18 AM..
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