i don’t think those assets were so toxic after all… very few banks tried to offload them to the Treasury when they had the chance under the Geithner Plan.
Geither pulled a fast one on the banks by convincing them to raise their own securing capital to cover the assets’ decline. It did cost some political capital though…
my beloved country is in desperate need for repair and we must stay competitive (nationally) with other countries. Think of Japan, China, Western Europe, …
give each of a check is good, but most ppl will just save it or use to pay of debts (not nec. bad) – think of the 1st stimulus checks that Bush mailed out.
re:gmartin997
disabuse |ˌdisəˈbyoōz|
verb [ trans. ]
persuade (someone) that an idea or belief is mistaken : he quickly disabused me of my fanciful notions.
you may want to ask it the other way around: when did “maths” become “math”. “maths” is shorthand for mathematics, the logic and science of arithmetic, calculus, etc. Only in America, do people tend to shorten mathematics to “math”.
re:nomad2112
i don’t think those assets were so toxic after all… very few banks tried to offload them to the Treasury when they had the chance under the Geithner Plan.
Geither pulled a fast one on the banks by convincing them to raise their own securing capital to cover the assets’ decline. It did cost some political capital though…