On Mar 24, 2009, at 4:01 PM, Rudy Fichtenbaum wrote:
> What I don't understand about the Geithner plan is why the banks
> would want to sell their "toxic" assets. I understand why buying
> them would be a good deal for hedge funds, private equity funds etc.
> But why wouldn't a bank say I would rather hold onto these "assets"
> rather than sell them and take a loss. After all, every time a big
> bank gets in trouble the government or the FED bails them out
> because they are too big to fail. Is there something in the plan
> that will force banks to sell these "assets?"
No, and this is listed as one of the plan's strengths by supporters.