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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
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Originally Posted by host
Arthurdale, in 1933, seemed a better project for the government, than bailing out Bear Stearns. Lehman, et aL:
http://www.nps.gov/archive/elro/glossary/arthurdale.htm
When you attempt to resell loans you have on your books <h3>that investors mostly rejected</h3>, doesn't that mean that there was no bid for them...as in worthless crap? |
That is correct host. The way that I understand this debacle is that everyone was playing the shell game and musical chairs. At some point in time, someone has to call for the pea or the music has to stop.
Either way, a that point there is a winner and there is a loser.
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