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Don't be surprised if there are provisions in the agreements to socialize the losses and privatize the profits. Like the ability to buy back the bond at original value at some point in the future, or some kind of "service agreement" that allows the bank to retain some of the interest payments.

We can already see this by the fact that the bond market has surged, pretty much guaranteeing that the Fed is going to overpay for these bonds.




I believe TARP made a profit... Out of curiosity were profits privatized?




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