Question: If the government buys all of these debt vehicles, who services the actual mortgages?

[MercutioATC]

[billyoc]

1. Whichever Republican cronies Paulson decides to bless with his newfound hundreds of billions.

It's a perfect scam.

[MercutioATC]

2. But are we buying the actual mortgages? Would the U.S. government have to service them?

Would they PAY the people they bought them from to deal with it?

[billyoc]

3. Well, that's the crux of the matter, Hank Paulson doesn't have to tell you any of the details.

So I couldn't possibly comment.

[MercutioATC]

4. Yes, that was my take on it, too. There's nothing concrete at all.

Hell, why don't we just agree to write a personal check to Paulson for $700B and just trust him to do the right thing?

[billyoc]

5. With no oversight or reporting requirements, that is, quite literally, what we're doing.

[ChiciB1]

6. How Many People Have Tried To KILL THAT BUG??? Just Asking?

I just did!! I live in Florida and bugs abound, even with AC and doors closed!!