Why the Rescue Plan Can Work> Last Update: 22-Sep-08 08:21 ET The government plan to buy mortgage-backed assets from financial institutions is likely to be a win-win. It will be a win for financial institutions because it would finally provide a legitimate buyer for mortgage-backed assets. It will be a win for the government because these assets are trading well below their intrinsic value. The government could make a large profit. The Crux of the Problem The essence of the problems plaguing the U.S. economy (as discussed in the August 18 Big Picture column) is housing. The impact, however, is...
Read More...
[Source: Latest Articles - Posted by FreeAutoBlogger]