2009-03-03 — ml-implode.com
``"The Bad Bank plan just won’t die; instead it gets recycled in ever-more complex jargon that confuses everyone. Late last night the Obama administration leaked new details of Geithner’s “private-public†partnership plan announced last month. Turns out it’s a “bad bank†wolf in sheep’s clothing. That is to say, it’s another government plan to overpay for toxic assets in order to rescue banks and their creditors."''
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