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April 9, 2009

Report: Obama Mulls Bonds for Toxic Securities
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And in bailout news, the New York Times is reporting the Obama
administration is considering a plan that would encourage Americans to
directly invest in the troubled assets of taxpayer-rescued corporations.
The proposal would essential create the equivalent of bonds to buy up
the toxic securities such as bundled subprime loans. The plan is being
promoted by financial industry lobbyists, including the money management
giant Black Rock.



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