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JohnWxy (1000+ posts) Send PM | Profile | Ignore | Wed Mar-11-09 07:46 PM Original message |
Geitner's plan still includes a "bad bank". The monster that won't die! |
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Fresh_Start (1000+ posts) Send PM | Profile | Ignore | Wed Mar-11-09 08:08 PM Response to Original message |
1. There must be a lot of money to be made in the bad bank assets |
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truedelphi (1000+ posts) Send PM | Profile | Ignore | Thu Mar-12-09 01:34 AM Response to Reply #1 |
5. Those of us who remember the BCCI crisis |
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w4rma (1000+ posts) Send PM | Profile | Ignore | Wed Mar-11-09 08:27 PM Response to Original message |
2. Let these banks FAIL. You can't allow bad business practices to just be swept under the rug. (nt) |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Wed Mar-11-09 09:33 PM Response to Original message |
3. The only reason these assets are illiquid |
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JohnWxy (1000+ posts) Send PM | Profile | Ignore | Thu Mar-12-09 11:34 AM Response to Reply #3 |
7. That's the KEY to the "Bad Bank" idea. The Government buys the bad assets at rediculous prices and |
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regnaD kciN (1000+ posts) Send PM | Profile | Ignore | Wed Mar-11-09 11:06 PM Response to Original message |
4. A "bad bank?" How does that differ... |
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truedelphi (1000+ posts) Send PM | Profile | Ignore | Thu Mar-12-09 01:35 AM Response to Reply #4 |
6. Ep! Now you are thinking like Kucinich |
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notesdev (1000+ posts) Send PM | Profile | Ignore | Thu Mar-12-09 01:46 PM Response to Reply #4 |
9. It differs in that |
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marketcrazy1 (1000+ posts) Send PM | Profile | Ignore | Thu Mar-12-09 12:35 PM Response to Original message |
8. I think the leverage goes the other way |
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JohnWxy (1000+ posts) Send PM | Profile | Ignore | Thu Mar-12-09 02:02 PM Response to Reply #8 |
10. Set up a public bank which would start lending to all credit worthy individuals and |
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