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Newt and Dave Have a Plan

September 30, 2008

Former House Speaker Newt Gingrich has articulated a very simple immediate solution to the Wall Street crisis: end “mark-to-market” (or fair value) accounting practices which undervalues assets and solve 70% of the crisis today.  That’s why Paulson thinks he can use the $700 billion to buy these assets at 10 cents on the dollar and sell them [...]

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