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Originally Posted by SniperSB23
Therein lies the problem. No one even trusts the government with a tiny if, not to mention a big IF. The chance of us ever seeing that money if Obama is elected is 10%. If McCain is elected it is 0%. Sounds like a great deal. Where is the negotiator for the taxpayers in all this?
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Its not a question of intent here in my opinion. Look, these are some complex financial instruments we are dealing with. Each security represents a portion of MANY different loans. The bank that owns the security doesnt have any relationship with the borrowers. How is the bank supposed to be able to determine the value of all of those different loans going forward? How is the govt supposed to determine a value for a security with rising balances backed by a depreciating assets where a payment shock will be occuring relatively soon? How are they going to accurately guess on likelihood of payment?
If I were voting, I would love to hear a set plan on how they would do this.