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WSJ reports the U.S. government, recognizing that the banking crisis is larger than originally thought, is laying the groundwork for a second phase o[...]
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Posted by
kristibeauty
1213 days ago, popular 1212 days ago
(http://www.invesmint.com)
Category: Business |
As discussions continue in the White House and on Capitol Hill about what the next steps should be in helping banks survive the current economic crisis, one idea that keeps floating to the top is the “bad bank” plan. The Treasury or the Federal Depo
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Governments stake of 36% in Citi gives it a way of implementing a bad bank model that can save our financial institutions and help resolve the credit[...]
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