GOLD 0.51% $1,391.7 gold futures

broken $900. another bounce coming up?, page-28

  1. 1,002 Posts.
    U.S. May Use Capital Injections to Help Banks Sell ‘Bad’ Assets

    March 11 (Bloomberg) -- The Obama administration plans to use capital injections as an incentive to get U.S. banks to sell distressed securities to investors.

    The private investors will also get federal loans to buy the assets, in a two-pronged strategy intended to revive trading in mortgage-backed debt. Treasury Secretary Timothy Geithner said in an interview with PBS’s Charlie Rose show yesterday “it requires making sure there’s capital available to the system, that these banks have the incentive to start to move this stuff, that there’s a mechanism available” to finance investors.

    Is the use of "capital injections' another way of saying they are prepared to "give away" (read print) money or am I being a bit dozey???

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aP9wvGoSkeAA&refer=home

 
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