Mar 24
2009

Intelligent Debate About The Treasury Plan to Deal With Toxic Assets

Posted by Nalini Indorf Kaplan in The EconomyInvestment ReformBanking Bailout

I encourage you to follow thought leaders on what could happen vis a vis the Treasury Department's (aka the Geithner) Plan to shed banks' toxic assets off their balance sheets, free up capital for lending and restore our confidence in the financial system.

The New York Times has published the perspectives of 4 highly regarded economists: Paul Krugman, Simon Johnson, Bard Delong and Mark Thoma.

Read the article here: http://tinyurl.com/d6y8bf

Stay tuned for my analysis on what this means for you, written in plain English. What the heck does the Treasury mean by legacy toxic assets, anyway? Let's call it what it is: stinky, sub-standard over-valued (until recently) investment.


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