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Reply #11: If they make a killing, we will share in that killing [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
high density Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-30-09 10:27 AM
Response to Original message
11. If they make a killing, we will share in that killing
We share in the upside of these assets. And yes, we also take a lot of risk, but less risk than if we went with a full on nationalization.

The problem is that according to Lord God, Maker of Heaven and Earth, Paul Krugman, these assets being discussed here are 100% worthless. So what is it, are they going to make a killing or are they worthless? I have a feeling the answer is somewhere in between. The FDIC is competent and they have good reason to price these assets properly for auction.
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