The Geithner Plan Explained

Ulli Uncategorized 1 Comment

Some readers have asked how a private/public partnership to remove toxic assets from banks’ balance sheets would actually work. Much has been written about it, although not always in understandable terms.

Hat tip goes to Mish at Global Economics for pointing to the following video, which attempts to clarify the details of its implementation. You will probably be as surprised as I was to find out who would potentially invest in such a scheme.
Take a look. The video is about 12 minutes long, but well worth the time to better understand the concept:

[youtube=http://www.youtube.com/watch?v=n-arbfLTCtI]

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Comments 1

  1. Well now we know this is the real inside story on how “The Street” works.
    Can anyone tell me how the gov in its various gambits have gone thru 13 trillion to Wall Street and the 1-3 trillion in toxic assets have not been removed from the banks assets yet. What was that 13 for. Warm up!!!! Scam that is it

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