Others have argued that the government purchase of mortgages bonds at distressed levels could turn into a financial bonanza. From Andy kessler at the Wall Street Journal: My analysis suggests that Treasury Secretary Henry Paulson (a former investment banker, no less, not a trader) may pull off the mother of all trades, which could net a trillion dollars and maybe as much as $2.2 trillion -- yes, with a "t" -- for the United States Treasury. Andy Kessler is a former hedge fund manager, the ones who know how to profit from buying and selling distressed securities. The question is:...
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