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A comment on 700 Billion bailout? Ebay it. Parent comment

Re:700 Billion bailout? Ebay it by ROFISH on Monday September 22, 2008 @05:02PM (#311637)
I will totally pay 1 cent for all those "toxic loans". I'm bound to find somebody who will pay at least 1 cent of their loan back. Eventually somebody will pay 2 cents, etc. until you get a fair market value.
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Re:700 Billion bailout? Ebay it by kqr2 on Monday September 22, 2008 @07:49PM (#311788)
Not all of these toxic assets are loans but essentially insurance, i.e. credit default swaps.

http://en.wikipedia.org/wiki/Credit_default_swap

If you bought some of these for 1 penny you would be obligated to pay out money to cover some of these bets that have already gone bad.

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