FDIC Bair: PPIF is gonna make us money ! - Mercedes-Benz Forum

 
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post #1 of 1 (permalink) Old 03-25-2009, 10:22 PM Thread Starter
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FDIC Bair: PPIF is gonna make us money !

Yippee,
so why are the banks selling these valuable assets ?

Only $1T distressed loans, chump change.

Quote:
Bair said the FDIC estimates that U.S. banks have about $1 trillion of distressed "legacy" loans on their balance sheets. She said the "legacy loan" portion of the program can realistically cleanse the banks of about $500 billion of those assets.

...

Bair said she expects the program will be "very profitable" for private investors and for taxpayers, and said the FDIC will explore whether the taxpayers should get more than 50 percent of the upside.
UPDATE 2-US bad-asset plan won't limit pay at nonTARP banks | Markets | Bonds News | Reuters
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