This is not what America wants!
The Bad Bank is a Bad Idea
http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=avQ3...
From Bloomberg, a detailed conversation about the concept of the "Bad Bank". It's sole purpose is to take over the toxic assets on the books of other banks, then repackage and resell those assets - magically making them financial winners!
In this thought process (the thought process of President Obama and others), the assumption is made that just because the US govt. is behind it, it must be safe. The only way the US govt. can make them safe, is by manufacturing more money. It seems, to me, that the "Bad Bank" is the quickest way to an incredible level of hyper-inflation.
What do you think?
From Bloomberg, a detailed conversation about the concept of the "Bad Bank". It's sole purpose is to take over the toxic assets on the books of other banks, then repackage and resell those assets - magically making them financial winners!
In this thought process (the thought process of President Obama and others), the assumption is made that just because the US govt. is behind it, it must be safe. The only way the US govt. can make them safe, is by manufacturing more money. It seems, to me, that the "Bad Bank" is the quickest way to an incredible level of hyper-inflation.
What do you think?
© 2009 Created by Tony Katz on Ning. Create Your Own Social Network
