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

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

  1. http://online.wsj.com/article/SB123776536222709061.html

     
  2. m22au

    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."