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  • [The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time. So when Merrill Lynch sells a bunch of mortgage-related assets at 22 cents on the dollar like they did a month or so ago, the buyer goes - is going to make money, and he's going to make a lot more money if it happens to be an institution like the U.S. government which has very, very cheap borrowing costs.
  • 5 years ago



    Tags : Warren Buffett Quotes , Government Quotes , Years Quotes
  • But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
  • 5 years ago



    Tags : Warren Buffett Quotes , Home Quotes , Government Quotes
  • At one end of the spectrum are the terrorist gangs within our borders, and the terrorist states which finance and arm them. At the other are the hard left operating inside our system, conspiring to use union power and the apparatus of local government to break, defy and subvert the law.
  • 5 years ago



    Tags : Margaret Thatcher Quotes , Law Quotes , Government Quotes