To summarize... basically this plan lets the banks dump their losses onto the fed and the tax payer..
The "private investor" in this plan ends up being a bank who can then set the price they buy back their own "toxic assets" for with the help of
the fed paying for 86% of it and the treasury another 7%...
So they get to re-price their bad assets then buy them back from themselves with tax payer money.. when they are finally valued the loss will be
something like 70% to the tax payer and worse a PROFIT for the banks...
Great post! The little snakes think they can sell themselves the toxic assets at inflated values and pocket all the artifical price inflation back
into their pockets from the taxpayers. Again they are trying steal the money they lost by stealing it from everyone instead of investors.
Forget investor fraud let's try some tax fraud since people will never figure it out and hope Jay Rockefeller can ban the internet so nobody can find
out our hairbrained schemes!
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