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Public Private Investment Program | Bank REO Real Estate
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Bad bank loan private investment program for banks might stall

May 27, 2009 by · Leave a Comment
Filed under: Policy News 

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This program is not fair for the U.S. taxpayers and I agree that it is not needed.  Our financial companies need to realize the true value of the assets on their books so that the gains or losses can be accounted for.  It is funny how this process is taking so long even the accounting rule changes that have happened in the last few months.  Having the government step back and let the market work is the only thing that will be back true confidence and trust in the markets.

News (Wall Street Journal):

A government program designed to rid banks of bad loans, part of a broader effort once viewed as central to tackling the financial crisis, is stalling and may soon be put on hold, according to people familiar with the matter.

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