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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (449602)1/22/2009 5:38:01 AM
From: Taro  Read Replies (1) of 1576342
 
There is talk of creating a bank that will buy up [at a discount] all the discredited CDOs and then hold them til the housing market comes back and they have more value.

That idea also popped up in Germany but was instantly dropped.
IMO that could never work, you can't turn all junk into gold. Unless you have a mix to work on, no way.

Taro
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