Geithner: The private sector will set prices. Taxpayers will share in any upside

Discussion in 'Wall St. News' started by tmarket, Mar 23, 2009.


  2. m22au


  3. With the government backstopping losses, I am confident that this will result in a completely undistorted market for these assets. I'm sure they'd get bid up to the same levels without the govt' downside guarantee.

    Whatever... I can't believe that they can actually say this sort of drivel out loud with a straight face.

    Maybe it'll be a great opportunity for banks to mark their assets up, since there's now a "liquid market."