Germany agrees "Bad Bank"

[Mega]

http://news.bbc.co.uk/1/hi/business/8047760.stm

Its like a Quentin Tarantino movie............they don't know where to dump the body?

Call "Her Wilston Wolf"
Mike

[LargoWinch]

Re: Germany agrees "Bad Bank"

Nice plan and as per explained by Bart I believe:

a) Give us your worthless paper assets.

b) We will give you "money".

c) When "money" is worth - well - a lot less, we will sell those back to you so that you can book the loss yourself.

[audrey_girl]

Re: Germany agrees "Bad Bank"

http://news.bbc.co.uk/1/hi/business/8047760.stm

Its like a Quentin Tarantino movie............they don't know where to dump the body?

Call "Her Wilston Wolf"
Mike

Mr. Wolf - I solve problems

[thunderdownunder]

Re: Germany agrees "Bad Bank"

what, pray tell me, in the end, are "toxic assets"
What brilliant but totally insane person would call a liability an asset and further assume that hiding a bit of paper in some dark corner (in exchange for another printed bit of paper) magically makes the REAL PROPERTY & CAPITAL IMPROVEMENTS disappear from the face of the earth as well.
It makes a mockery of all accountancy - an outright fraud - a lie, sham a pea and 3 shell game, played infront of a gullible audience. Then it is perpetuated by the Auditors who sign off the "books" as a "true and accurate representation of the facts" further perjuring Truth.
ANY AUDITOR who plays this shell game must realise they open themselves up for class actions for being willing accessories to fraud and deceptive conduct.
I may be crazy but if I have a dozen eggs and I drop the container destroying 8, I have 4 useable eggs - However they say I have 12 eggs, 8 of which are all but unusable but are still eggs - OH I GET IT, of course how silly of me. Well its off to the mad house again. I think the medications are wearing off. :eek:

[rjwjr]

Re: Germany agrees "Bad Bank"

"The government hopes the move will encourage banks to start lending again, both to each other and consumers."

I still always get stuck on this part of these articles and master plans. Anyone wanting to borrow doesn't qualify anymore and anyone that could qualify is smart enough not to. Some freaking plan. Do all these FIRE idiots have FIRE tunnel vision?????

[rjwjr]

Re: Germany agrees "Bad Bank"

The fearless FIRE leaders' economic plan...