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| Permalink View Article Stats Geithner Plan A Bad Deal Quicklink submitted by John Lorenz (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| There are 3 scenarios, none of the good: 1. The toxic assets attract only few bidders 2. Banks receive low bids,forcing weak banks to do further write downs. 3. Assets will be purchased but it will amount to risky US taxpayer subsidizing of failed banks and it is folly to bet our financial system on a flawed 'grand scheme'like this one. |
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