[lbo-talk] Geithner Plan Mark II

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Tue Mar 24 07:10:18 PDT 2009


SA writes:


> if the government took ownership of the banks, then we'd
> get 100% of any upside.

And of course 100% of the downside. Like you say:


> If things go bad, the *vast* majority of the losses accrue to the
> Treasury.

Right, so that's the baseline scenario. Even in the case that they go completely bad, it's no worse than the worst-case.

So what's wrong with that?

/jordan



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