http://online.wsj.com/article/SB124338836675757049.html
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_cSJOgFLwPs
The first link: WSJ story about banks wanting to effectively keep assets and let the government (us) eat the losses.
The second link: FDIC's response
Loyal reader JP should have a great laugh.
Wednesday, May 27, 2009
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2 comments:
Of course, this does leave open the possibility of collusion: you buy my junk, I'll buy yours.
But they wouldn't do that, would they ???????
actually , thats what ms bair is saying when she says "banks will not be able to bid on their own assets" so what? they can (and will) bid on each others ... it's mind boggling how everyone falls for this crap ... thanks mike
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