Did the US Government pay full face value for the freshly printed Toxic Asset paper products that were actually worth less than maybe 2% of the full face value?

I this how and why the Wall Street Financal Businesses are all of a sudden making a lots of profit?

The public needs to know!

Maybe all of the recently created new financial products, and similar new toxic asset products created by the master financial criminal geniuses that created the derivative and other junk bond type paper securities out of the thin air should require a separate application and a separate license granted by the SEC for the existence and/or sale of each and/or any new financial product. And maybe the SEC should grant license only to any of them that have some intrinsic collateral value, are easily understood, transparent, forthright, and not deceptive in their sworn financial statements.

The SEC should also require a study to justify the need and safety of any new derivative type instrument created, similar to an Environmental Impact Statement. When the financial risks are several layers or completely removed from the title to the actual asset that has some actual collateral value (like a Mortgage, Bond, Stock Share, Promissory note), and this instrument is insured from most of the investment risk, how much due diligence will an investor perform before he will commit to purchase, as compared to the investing into a primary mortgage or similar instrument that is collateralized for the event of failure?

If I were driving a car without insurance, I would probably drive more carefully than if I had insurance since my exposure for loss is lessened with insurance. Maybe we would be better off without any of these recently created new financial (Toxic Asset) products that required the US government to guarantee to the foreign parties that bought them.

Are these recent “freshly printed” financial products similar to an incurable disease, because once they are created, they destroy the basic economic foundations of the US economy, and other financial geniuses emulate these others and create even more of these various attractive toxic assets.

I certainly did enjoy your article.

Did the Government Purchase some of these Toxic Assets with the TARP money?

Does the Government Still own any of these worthless paper Toxic Assets?

Did the Dow Jones Industrial Average improve as the various industrial companies included into this average replace their US workers with foreign laborers to increase their profits?