Video61@[EMAIL PROTECTED]
wrote:
>On Apr 21, 11:35 am, alexy <nos...@[EMAIL PROTECTED]
> wrote:
>> Vide...@[EMAIL PROTECTED]
wrote:
>>
>> > coming to america soon,
>> > 28 days, then 90 days, than 6 months, than a year, then maybe
>> >lifetime? i betcha its coming. meanwhile we must not pamper the little
>> >guys, after all, they must be self responsible.
>> > i wonder how many more 4 pound lobsters, french champagne, and
>> >bonuses will be consumed after this little give away to the free
>> >market.
>>
>> Do you read the articles you post?
>> Do you know the meaning of debt forgiveness?
>> Where did you think you saw anything in this article about debt
>> forgiveness?
>>
>
>
> the above statement
Actually, those three sentences are known as "questions", not
"statements". And they are questions that you seem not to want to
address. Do you think that "debt forgiveness" means anything like
"Reduction in loan value when a loan is discounted from its original
principal or charged off as a bad debt" that the dictionary says"? Do
you think there was anything in this article about debt forgiveness?
If so, why not point it out?
> is coming from a guy who could not see what was
>coming last august. sorry alex, you are in no position to even
>understand what is going on right now. remember, to understand, you
>must be able to connect the dots, and understand that there are other
>shoes about to drop. OBTW, the other shoes have been dropping almost
>daily now since you last slunk away.
>
>>
>>
>> >http://biz.yahoo.com/ap/080421/britain_credit_crisis.html
>>
>> >Bank of England facilitates bank debt swap
>> >Monday April 21, 7:40 am ET
>> >By Robert Barr, Associated Press Writer
>>
>> >Bank of England offers banks $100B program to swap mortgage-backed
>> >securities for UK issues
>>
>> >LONDON (AP) -- The Bank of England, aiming to deal with the crippling
>> >impact of the U.S. subprime mortgage crisis, on Monday announced a
>> >$100 billion plan to allow banks to swap mortgage-backed securities
>> >for British Treasury bills.
>> >"The Bank of England's special liquidity scheme is designed to improve
>> >the liquidity position of the banking system and raise confidence in
>> >financial markets while ensuring that the risk of losses on the loans
>> >they have made remains with the banks," said central bank Governor
>> >Mervyn King.
>>
>> Reread that paragraph several times to see if it sinks in.
>>
>
>
> i understand it totally. you do not.
And you think it refers to debt forgiveness? What debt is being
forgiven? If you understand it totally, why not share your insight
with us lesser mortals?
>> >"Given its scale, the scheme is indemnified by the Treasury, but is
>> >designed to avoid the public sector taking on the risk of potential
>> >losses," the Bank of England said.
>> >"Banks will need, at all times, to provide the Bank of England with
>> >assets of significantly greater value than the Treasury bills they
>> >have received. If the value of those assets were to fall, the banks
>> >would need to provide more assets, or return some of the Treasury
>> >bills."
>>
>> Hard to read that as debt forgiveness.
And so far, you've provided no insight into how you read debt
forgiveness into this.
--
Alex -- Replace "nospam" with "mail" to reply by email. Checked
infrequently.
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