A Sampling of Advisory Opinion: Looking After Our Best Interests
…The Fed/Treasury/FDIC/White House may decide that it’s in the best interests of the country to not only make the banks keep the money, but also to have these banks scrub their balance sheets by selling “toxic” assets to the new Treasury program….a very good idea, but potential abuses lurk. [Treasury's] legacy security and loan program needs to have buyers and sellers of assets. [But] I see only the FDIC as the one major seller of assets due to acquired loans from failed institutions…getting sold for less than 40 cents on … …READ MORE