I'm officially stumped now. 

I thought a large portion of the plan for taxpayer "repayment" of our gazzzillion dollars to the banks was to buy these  "toxic" assets at distressed pricing and then utilize the spread to recoup the handouts.  Not pretty, but reasonable.

Did someone forget to tellall the other hands of our government?  What's with the shift in allowing banks to now value the assets at CURRENT market value?  Am I confused?  Will this not pull the carpet out from under any negotiations  we (gov) had with the banks to acquire these assets heavily discounted?  If so, what is PLAN B for how we as the tax payers get our money back with the "projected" gain we originally used to sell the American People on the bailout?  eye yi yi....

Some one please help me understand what we're doing.

 
Posted by Heidi Marsh on 04/11/2009 01:03 PM   Comments (2)   Bailout Plan in the ActiveRain Channel   bailout, government, banks, loans  
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2 Comments on RIGHT HAND .... LEFT HAND??????

APR
11
2009
452,806 Points 81 Featured Posts Called Shot Master

Heidi, don't expect logic from government; it's much to big a stretch for them. And they are now allowing bailed out banks to buy "toxic" assets from other banks. There will be winners in this fiasco, but it won't be the taxpayer.
1:40pm • #1
717,476 Points 2 Featured Posts Localism Sponsor Outside Blog

Hi Heidi,

I assure you that I would be the first to provide advice if I could discern what the government is doing right now...sigh...what a fiasco!

Michael
1:44pm • #2


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Heidi Marsh

Plano, TX

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Diamond Realty Group

Address: 1900 Preston Rd. Ste 381, Plano, TX, 75093

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