Saturday, April 11, 2009

What The Banks Want

The banks want 91 cents on the dollar for some of the toxic assets on their books! Read here.

If those assets were really worth that much, there would not have been a financial crisis in the first place.
But of course this is only the offer price. If you were running a zombie bank knowing that the PPIP scheme will be bidding for those assets at bloated prices, wouldn't you be asking for the sky as well?

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