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Has anyone heard if the gov't is planning on buying these Wall Street assets at "fair market value"? [View All]

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TheDoorbellRang Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-22-08 02:14 PM
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Has anyone heard if the gov't is planning on buying these Wall Street assets at "fair market value"?
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I am in no way a stock market guru, but my husband does a lot with investments. He heard something on CNBC that seemed to indicate Congress might be agreeing to pay "fair market value" for these assets, which he said was completely insane. He has been rather sanguine about the bailout, likening it to the RTC in the 80's. But he just about went ballistic when he heard this. He said they should never agree to pay these idiots anything close to fair market value. Anyone know any more about this?

I keep seeing a lot on oversight, transparency, reform, etc., but not much on how we're determining what we're actually getting for our money.

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