U.S. Expands Plan to Buy Banks' Troubled Assets

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http://www.nytimes.com/2009/03/24/business/economy/24bailout.html?bl&ex=1238040000&en=c374625ad7d276e5&ei=5087

 

when I read about this new program, I’m just hoping, we don’t finance speculative buys, from entities who have no real intention of honoring the debt if the asset fails.

 

In this program the govt lends 85%, the investor invests 7.5% and the govt. invests 7.5% and the reason to involve the investor is because through a bidding process of investors, a market price is established. I just hope we’re lending with stricter underwriting than what got us into this mess.

 

Best regards,

Sunil

 

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