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["Robert Walton" <waltonrp AT gmail.com>]

What I've understood is that the govt extended loans to keep them
going at about 11.something % interest rate. Comment was that this was
a high rate and was to keep them looking for other lenders. Also,
funny comment was that the effectof them coming apart quickly would be
a disaster. Does this mean they are still expected to fail slowly?

Rob - Va

On Wed, Sep 17, 2008 at 2:05 PM, Lynda <lurine AT softcom.net> wrote:
> O.K., places like AIG are arse deep in debt because of mortgages and now
> they've been "bailed out."
>
> So, following that to its logical end, wouldn't that mean that the Fed has
> bought the mortgages AND payments on said mortgages should be paid to the
> Fed????
>
> Lynda
>