“It’s not 20% of the bill. It’s 20% of the profits from asset sales.”
It’s more than 20% of the profits from all asset sales. It’s 20% of the profits from each profitable transaction. As the portfolio will likely have a significant number of loss transaction, the proportion of the profits allocable to the “housing trust funds” will be much more than 20% of the aggregate profit.
“It’s more than 20% of the profits from all asset sales. It’s 20% of the profits from each profitable transaction. As the portfolio will likely have a significant number of loss transaction, the proportion of the profits allocable to the “housing trust funds” will be much more than 20% of the aggregate profit.”
I noticed that lagnuage ... AFWUL was my reaction. We could have $100 billion in gains on some assets, $200 billion in losses on other assets, and the bill language would force $100 billion loss on the taxpayer *AND* add on $20 billion bill diverting money to ACORN, for a wallet-grab of $120 billion to the taxpayer. Outrageous!