How we doing on those toxic assets we bought from the banks and such?

[uscitizen]

Just curious, keep hearing lots about Govt Motors but not much on the toxic assets. Must be that liberal meida again.

 

[uscitizen]

Geithner's banking plan will use low-interest loans and between $75 billion to $100 billion of what's left of the government's $700 billion bailout fund to entice private sector investors to initially buy about buy $500 billion in toxic assets — taking them off the books of the nation's banks.

Geithner defended the decision to have the government carry so much of the risk. He said the alternative would have been to do nothing and risk a more prolonged recession or have the government carry all the risk.

Geithner asks for patience as toxic-asset purchase begins - USATODAY.com

 

[Charles_Main]

Nobody ever tried to tell us how great it was we were buying toxic assets Dumb Fuck.

Obama Keeps Pointing to the Auto Bail out as a success. Makes perfect sense for us to point out, it's not.

Apples and Oranges again.

 

[Douger]

Barry hasn't posted the numbers on his new transparency website yet. I'm sure MittWitt will on his !