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Strategies & Market Trends : The New Economy and its Winners
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To: Bill Harmond who wrote (47903)1/27/2009 5:47:15 PM
From: Bill Harmond1 Recommendation  Read Replies (1) of 57684
 
16:53 CNBC reports sources say the Obama administration is close to announcing a so-called "bad bank" plan, possibly announcing the plan early next week

Says the govt could pay more than current market prices for the securities from banks. Says idea of bad bank is gaining momentum on Capital Hill. Says there has been discussion of a "certificate of net worth" in which the government gives the banks a piece of paper that essentially can be applied to capital levels.
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