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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (52523)	3/24/2009 1:18:50 PM
From: geode00	Read Replies (2) \| Respond to of 149317

I heard Sherman, rep from California say the 94/6 and 50/50 split. Krugman said 85/15 or something like that. I heard yet another commentator say that this was just like Paulson's original TARP program but with the fiction (fig leaf) of private participation to supposedly provide 'market' pricing for those toxic assets. I think it was Krugman who noted that the market has priced these assets and the price was far lower than the price the banks wanted to sell them for. The hope is that the government financing and risk reduction will raise the price sufficiently to make it palatable for the banks to sell. The other oddity that was noted on this thread is that banks could buy their own toxic assets for a high price and effectively get a government bailout. I thought it was quite interesting that potential investors were everywhere yesterday commenting on this program. They are entirely too happy about it. Something is wrong yet again.