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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (387253)5/28/2009 5:30:10 PM
From: Giordano Bruno  Read Replies (2) of 436258
 
Banking thoughts...

U.S. Congressman Jerrold Nadler said that in addition to the actions so far, the government should take a sizable amount, about $100 million, and create new banks that would attract private investment.

"An alternative, if that's too radical, is to take $50 billion or $100 billion and fund the existing small and regional banks," he said. "These banks then could supply a lot of credit to the system while you figure out what to do with the Bank of Americas (BAC.N) and the Citigroups (C.N) and other banks that have these toxic assets on their books."
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