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Bail-Out Plan's Mystery: What's All This (Toxic Portfolio) Stuff Worth?
Business  (tags: bail out, toxic, portfolio, worth, value, investments, securities, price, losses, taxpayer, protection, financial institutions, Treasury Department, officials )

Alba
- 426 days ago - nytimes.com
Big challenge for Treasury officials will be deciding whether to buy troubled investments near values at which banks hold them on their books. Thatd help minimize losses for financial institutions. Driving a hard bargain, however, would protect taxpayers.
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Pamylle G. (247)
Friday September 26, 2008, 4:16 am
I am glad there's been resistance to the bail-out. However, to put Paulson & Company in charge, is not in the interests of the taxpayer. Paulson himself is a major player in the screw-up. At his last financial gig (Goldman Sachs), he took over when the company was in debt at $20 billion. When he left, that debt was $100 billion. This is the guy who's going to "straighten things out" ?
 

Blue Bunting (855)
Friday September 26, 2008, 4:26 am
Washington Mutual Collapses; McCain Destroys Bailout Deal
 
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