My Plan for Bad Bank Assets

Wall Street Journal by Timothy Geithner | Mar. 23, 2009 (Opinion)
The private sector will set prices. Taxpayers will share in any upside.

Today, we are announcing another critical piece of our plan to increase the flow of credit and expand liquidity. Our new Public-Private Investment Program will set up funds to provide a market for the legacy loans and securities that currently burden the financial system. Full Story »

Posted by Kaizar Campwala

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Subjects: U.S., Politics, Business
Topics: U.S. Economy, Obama Administration, Finance
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Posted by: Posted by Kaizar Campwala - Mar 23, 2009 - 8:57 AM PDT
Reviewed by: Kaizar Campwala (review), Patricia L'Herrou (review)
Content Type: Article
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Edited by: Kaizar Campwala - Mar 23, 2009 - 8:57 AM PDT
Related Comments: Obama Administration (3)

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Patricia L'Herrou
3.8
 by Patricia L'Herrou - Mar. 24, 2009

sec.geithner lays out the rational for his public-private plan. clearly movers on wall street like it. he points out use of the free( private money) market to set the price of the assets. the taxpayers(gov't money) back up the private risk. he discusses private responsibility. it sounds thoughtful. what is not here however, are the details which presumably can make or break this for all..

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Kaizar Campwala
3.8
 by Kaizar Campwala - Mar. 23, 2009
Kaizar posted this story.
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  • Financial Policy Despair Pending

    New York Times | Mar. 23, 2009 (Opinion)
    Posted by Kaizar Campwala
    See Reviews »

  • Inside Obama's Economic Brain Trust

    New York Magazine by John Heilemann | Mar. 23, 2009 (Special Report)
    An agenda this transformative is bound to stir up criticism, and so it has—from the left and the right, Wall Street and Main Street, arch-Establishmentarians and hot-eyed ...
    Posted by Kaizar Campwala
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