treasury presses with plan for toxic assets, page-5

there have been so many moves lately by us fed and treasury officials...i'm now very confused...

ok, another new fed govt insitution, complete with new bureaucrats, will use funds lent (given?) to it by the fed to buy loans that the free market considers worthless

these loans are described as "toxic" assets...that implies they could be fatal to anyone handling them...in the real world, anything toxic is buried or burned so that it never can infect anything again

somehow, these "toxic" assets will be purified one day and become valuable enough to be sold...when will that day arrive?...and how much will they be sold for??..


if that is the end game, then why not get to it now by placing all insolvent institutions into administration and begin an auction process that might take a few years but will clean balance sheets, clear the economic desk and provide clarity of purpose?

all i can see now is a series of maneuvres, designed to save a few insitutions considered "too big to fail" and postpone the day of reckoning until it can be placed on the shoulders of those not yet born

does anyone here have any confidence that creating more debt will eliminate the mt vesuvius of debt that already confronts us?

what am i missing?...or am i just too dumb to get it?