langreiter.com plain, simple: 2009-03-23

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2009-03-23

CREATED BY chris • LAST EDITED BY chris 5816 days AGO

Timothy Geithner: My Plan for Bad Bank Assets

"The Public-Private Investment Program is better for the taxpayer than having the government alone directly purchase the assets from banks that are still operating and assume a larger share of the losses. Our approach shares risk with the private sector, efficiently leverages taxpayer dollars, and deploys private-sector competition to determine market prices for currently illiquid assets. Simply hoping for banks to work these assets off over time risks prolonging the crisis in a repeat of the Japanese experience."

And more Krugman: Geithner Plan Arithmetic

Und, zu guter Letzt, eine wunderbar klare Bestandsaufnahme aus dem Hause NYT (m.E. allerdings unbedingt in Kombination mit obigem Krugman zu lesen).

2009-03-23-gPlan