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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (33927)	3/24/2009 7:28:56 PM
From: Madharry	Read Replies (2) \| Respond to of 78751

Thain may be a hero to you but my guess is that they will have lewis's head on a platter before its all said and done. Any thoughts about the geitner plan? if i understand the basics and please correct me if im wrong. the govt will finance the bulk of the purchases of toxic realestate purchased by third parties from banks. if the investments dont pan out, the govt absorbs most of the loss. now whats to prevent me from going to a bank and asking them to front me money, and i will form a corporation and buy these crappy loans at say .60 cents on the dollar. Right away the bank has probably cut their expected loss by about 80%, i get some kind of management fee for my trouble and the taxpayer ends up eating the huge loss. No wonder bank stocks shot up like crazy after the plan was announced.