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| Permalink View Article Stats Is Geithner's Hedge-Fund Bailout Illegal? Quicklink submitted by Laudyms (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| Much of Geithner's new $100 billion program to help Wall Street hedge funds purchase 'toxic assets' from banks-and which could put us on the hook for up to $500 billion-doesn't involve subprime mortgages at all. Instead, about half of that money goes to a Legacy Loans Program to help hedge funds purchase relatively conventional loans. |
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