[Gates of Eden]

Why should just the fat cats get bailed out by the Government? What about us poor schmucks?

Click here!

With our economy in crisis, the US Government is scrambling to rescue our banks by purchasing their "distressed assets", i.e., assets that no one else wants to buy from them. We figured that instead of protesting this plan, we'd give regular Americans the same opportunity to sell their bad assets to the government. We need your help and you need the Government's help!



Use the form below to submit bad assets you'd like the government to take off your hands. And remember, when estimating the value of your 1997 limited edition Hanson single CD "MMMbop", it's not what you can sell these items for that matters, it's what you think they are worth. The fact that you think they are worth more than anyone will buy them for is what makes them bad assets.

[solitary]

I wouldn't mind getting the $13k back out of that stupid Ford Windstar I bought, then sold at a huge loss because the dashboard was lit up like a Christmas tree.
I've made some other financial bad moves, but none as severe as that one.

[cyberscribbler]

it's not what you can sell these items for that matters, it's what you think they are worth.

Or in the case of Enron, what you think they may be worth down the road and claim they're worth it NOW.

I still don't understand why the banks couldn't just rebundle these bad assets. Take out the dead wood and repackage them. It's what any small business owner would do.

[solitary]

Or in the case of Enron, what you think they may be worth down the road and claim they're worth it NOW.

I still don't understand why the banks couldn't just rebundle these bad assets. Take out the dead wood and repackage them. It's what any small business owner would do.

That's what they did, over and over and over, the sold dead wood as live plants with a few live plants in the mix and everything died.
On top of that, so many people bought and resold this stuff as live plants, no body knows where the stuff is any more, all we have is a bunch of mulch. Which would be fine, if people wanted mulch, but that's something people buy in the spring, not the fall.

[reese]

Why should just the fat cats get bailed out by the Government? What about us poor schmucks?

Click here!

With our economy in crisis, the US Government is scrambling to rescue our banks by purchasing their "distressed assets", i.e., assets that no one else wants to buy from them. We figured that instead of protesting this plan, we'd give regular Americans the same opportunity to sell their bad assets to the government. We need your help and you need the Government's help!



Use the form below to submit bad assets you'd like the government to take off your hands. And remember, when estimating the value of your 1997 limited edition Hanson single CD "MMMbop", it's not what you can sell these items for that matters, it's what you think they are worth. The fact that you think they are worth more than anyone will buy them for is what makes them bad assets.

Dare to dream!