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Old 09-22-2011, 05:22 PM
go_guy123 go_guy123 is offline
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Quote:
Originally Posted by abqguy View Post
Thats very hard to implement as the whole credit system is based on past credit history.
US atleast has non recourse home loans (closest to default).

Fed is already try to do that using QE3 and more to come...which is buying bonds by paying cash...where it comes from ? printing or its electronic form.

That way they can transfer the "pain" to holders of USD treasuries....mainly foreign central banks of China, Japan, HK, Korea, Taiwan etc
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