Opinion: So, would Congress buy any of these “toxic assets”?
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Barack Obama‘s Treasury Dept. plans to address the real estate financial crisis involves, first off, changing the political vocabulary. It’s understandable.
They want these troubled mortgages involving crummy properties, crummier properties and dubious properties to no longer be called ‘toxic assets.’ They want them to be known now as ‘Geithners.’
No, just kidding. The new politically correct term is ‘legacy assets.’
Doesn’t that make you want to run out and buy a bunch?
So one of our imaginative politics-loving buddies -- Joanna Welch over at XM Satellite Radio’s POTUS all-politics Channel 130 -- strode right over to Capitol Hill and wandered the halls asking our elected representiatives if they’d put their own money into these toxic legacy assets. She does this every week with a different question.
The answers Joanna got this week were funny, careful and dodgey. Or all three. You can hear her full audio report by clicking right here.
-- Andrew Malcolm
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