Monday, February 23, 2009

Take over the banks, dismantle, sell

The administration needs a simple plan that is effective to fix our banking system.

Remove all the current people who made bad loans and terrible business decisions.

Separate the performing components from the "toxic" bad debt.

Sell those performing units as a whole or in parts in the open market to private investors.

Salvage as much as the bad debt as makes sense, and then take the loss as a government.

No comments: