A senior U.S. Senate Republican on Monday called the Treasury Department's plan to buy up bad bank assets a "genuine effort to try to stabilize the financial industry."
Senator Judd Gregg, a key negotiator in the $700 billion Wall Street bailout last year, told reporters that while he was not certain the plan would achieve its goal, taxpayers could "make some money if it works correctly."
Comment: Is this for real? We buy failing assets, what should be adsorbed back into the economy, and "hope" to make a profit: moronic.
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