Discussion in 'Wall St. News' started by tmarket, Mar 23, 2009.
Some information that Geithner conveniently fails to disclose:
Toxic Asset Plan Foresees Big [US taxpayer] Subsidies for Investors
Geithner's Plan, a Gigantic Confidence Game
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."
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