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http://en.wikipedia.org/wiki/Tranche
The American economy rests on the back of the American worker and consumer. Taxpayers own the government and currency is only a tool enabling commerce.
Take charge of it. Get it working for you, not against you.
http://pacificgatepost.blogspot.com/2008/12/rev...
Once this is done, the other problems will resolve naturally, including home owners making their payments.
Nobody with any self-respect will be happy about providing any federal support to these failed-model companies.