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HomeWill Banks Truly Sell These Toxic Assets?
Posted by Larry Doyle on March 23rd, 2009 5:25 PM |
A quick summary of the plans proposed by Tim Geithner. Everything looks great on the surface and markets rally in anticipation, but VERY FEW transactions have occurred.
Let’s go over a few points:
1. Government provides cheap loans for investors to buy toxic assets . . . DONE.
2. Government provides backstop for investors to be somewhat protected against losses . . . DONE.
3. Investors express desire to purchase assets . . . DONE.
4. Banks express desire to sell assets to unclog balance sheets . . . DONE. (more…)
