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
- Forums
- Breaking News
- GOLD
- broken $900. another bounce coming up?
broken $900. another bounce coming up?, page-28
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)