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.