Saturday, September 27, 2008

Congressman Hoyer (republican)

"we have a great interest in making sure taxpayers are protected"
"we want transparency, we want to make sure that what is done is known by the public, by the Congress, and by others"
"because that 700 billion is to go in and take illiquid assets, give them some value, take them off the market, and to stabilize the economy. but Nobody believes they will be valueless, they may be illiquid now, they can't be sold, they can't be valued, but in the long term, we think that, A, there's going to be a value on them, and B, there'll be, as a result, a return on the investment made"

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