Obama's Toxic Asset Plan: The Plan will leave the same Amount of Toxic Assets In the System, but with Taxpayers now liable for most of the Losses
by Washington's Blog
Global Research, April 4, 2009
Washington's Blog
The most succinct description of what is wrong with Geithner's PPIP toxic asset plan comes from the Financial Times:
Critics say that would leave the same amount of toxic assets in the system as before, but with the government now liable for most of the losses through its provision of non-recourse loans.
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http://www.globalresearch.ca/index.php?context=va&aid=13051
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