How does that work in this bill anyway? If they start off with a $700 billion line of credit, buy some toxic sludge for $350 billion and then turn around and sell that same sludge for $100 billion, does this mean the line of credit is back to $700 billion or is it down to $450 billion?
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That’s what I’m trying to figure out as well.
As they take losses, is that reflected in the total $700B, or is it only $700B in purchases/assets held at a time, and when those assets are sold, it resets back to a $700B blank check?
