Bailed-out banks eye toxic asset buys


	Bailed-out banks eye toxic asset buys

JICWyllie

4-3-2009 2:06 PM

66 views

tags:

economy, financial markets, i-increase, i-policy, i-risks

JICWyllie says:

The US government policy encourages banks to buy the dodgy securities which they are supposed to be selling by using tax payers money to cover the bad risks which the banks are supposed to remove from their balance sheets. Same toxic assets, except now the taxpayer has become liable for the losses, too. Is this all panned by some evil geniuses, or are people making it up as they go along?

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