$700 B Bailout

[jsarno]

Originally Posted by FRPLG

Well AIG is one of the main PMI insurers and that is basically what brought them down. I think Matty can speak more intelligently to this since he works for them.

I guess that makes sense, maybe I just don't know enough about this situation. Just seems to me like our tax dollars are going to the greedy to bail them out. Maybe I am wrong on that.

Although, on a side note, it does seem the government is using real estate to make a profit. If they buy all the notes, eventually the people will buy, and will buy at market price, meaning the gov. "SHOULD" make a profit.