Bank Bailout Could Cost Up to $4 Trillion: Economists
http://www.cnbc.com/id/28918543
"One idea that seems to be gaining traction is setting up an entity to buy troubled assets and hold them until they mature or resell them."
So you buy a load of bushlitt, you put it in the bushlitt pile, let it mature and resell it. Except that the label when you resell it doesn't say "bushlitt", it says "compost". Yeah, that's much better.
A sub-prime mortgage scandal sparked this and several thousands of homes are now sitting empty, unmaintained and going down in value. So now, suddenly, because these sub-prime mortgages are sitting in some drawer somewhere in Washington, the value of an unmaintained house is supposed to skyrocket?
Using the same logical deduction, I should create an entity called "Bad Jay". I would then transfer all of my debts to "Bad Jay" which would boost my net worth...yeah right.
http://www.cnbc.com/id/28918543
"One idea that seems to be gaining traction is setting up an entity to buy troubled assets and hold them until they mature or resell them."
So you buy a load of bushlitt, you put it in the bushlitt pile, let it mature and resell it. Except that the label when you resell it doesn't say "bushlitt", it says "compost". Yeah, that's much better.
A sub-prime mortgage scandal sparked this and several thousands of homes are now sitting empty, unmaintained and going down in value. So now, suddenly, because these sub-prime mortgages are sitting in some drawer somewhere in Washington, the value of an unmaintained house is supposed to skyrocket?
Using the same logical deduction, I should create an entity called "Bad Jay". I would then transfer all of my debts to "Bad Jay" which would boost my net worth...yeah right.
Not all sins are created equal