The Treasury seems to be one big step closer to implementing the initial intentions of TARP but with the hoped for help of the private sector. In theory it all sounds great, with private sector involvement we rid the banking system of all its troubled debt, cleansing their balance sheets and positioning them to lend freely again during a time of credit constraint. In practice will be the question of to what extent will the private sector want to be a part of this because god forbid they make money what will the repercussions be and will the rules change, whether banks will want to sell to these new SIV’s and at WHAT PRICE and is this just an act of Houdini where we’re just shifting assets to the taxpayer who will have a 50% ownership rather than seeing an extinguishment or payoff of the debt which would happen without this program over time. We need the private sector and clarity in pricing, fingers crossed.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.