Look backward and tell me with the problem having been to begin with the bad mortgages that were securitized and sold throughout the financial system, if our first response had been let us send this money in there to buy up these toxic assets, when would that have worked without having to go and start bailing our banks in the continuum of time as the problems unfolded last year?
Questioning the effectiveness of buying toxic assets as a response to the financial crisis.
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