by Bill McBride on 9/22/2008 11:11:00 AM
Monday, September 22, 2008
Since the administration is trying to railroad the plan through Congress - with no changes or additions - here are a few questions to ask:
Note: Senator Dodd proposed something along these lines this morning. From the WSJ: Dodd Bailout Draft Could Give Government Shares of Companies
Sen. Dodd's plan would not allow the Treasury Department to purchase any assets "unless the Secretary receives contingent shares in the financial institution from which such assets are to be purchased equal in value to the purchase price of the assets to be purchased."
Posted by Bill McBride on 9/22/2008 11:11:00 AM