Re “U.S. plan to purchase toxic bank assets raising alarms,” April 27
If holders of toxic assets are hesitant to sell them because it is better to carry them on the balance sheet at a higher value, so be it. Let the assets be liquidated in an orderly manner as the market can absorb them. Rather than the government being the last fool to buy -- particularly because the Public-Private Investment Program would be a dumping ground of Love Canal proportions -- let the current fool keep it.