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Dr. David Krause, AIM Director, said on WISN-TV 12 recently that he thinks private investors, such as PIMCO, will support the plan. "The Geithner plan is such a good deal for investors that they will likely support it. The plan essentially offers a one-way bet: if asset values go up, the investors profit, but if they go down, the investors can walk away from their debt. I think that Bill Gross and other investors will find the terms too attractive to ignore."
To see the interview with Dr. Krause go to:
http://www.wisconsinmediaservices.com/marquette/mu_toxic.wmv