Nobody has shown interest in buying banks' toxic assets?

crgarcia · Mar 30, 2009

Yet?
:eek:

scriabinop23 · Mar 30, 2009

Quote from crgarcia:

Yet?
:eek:

In case you haven't figured it out yet, it is not yet on wall street's agenda to buy stocks. You could throw $50T of cash at the market and the media/market would find a reason to make it go down (government corruption or compensation issues is an easy 'reason').

CET · Mar 30, 2009

You are incorrect. There is plenty of money wanting to buy the toxic assets, but the buyers want to pay much less than the banks/holders are willing to take. In the end the banks may just have to hold these assets and muddle through if they can.

PAPA ROACH · Mar 30, 2009

I have read numerous reports stating that there are indeed many interested buyers for this, but the financial intitutions refuse to sell at the stated market price. They believe that alot of this crap has more value to it thaan what the market is saying and with government support, they are not going to "hit the bid".

Now, if the guv wasn't shelling out to them, I am certain you would see many of these transactions taking place.

MandelbrotSet · Mar 30, 2009

On top of what has previously been stated, I think the potential investors are a little leery of getting in bed with the government ... it might comeback to haunt them at some future date. :eek:

Martinghoul · Mar 30, 2009

http://www.ritholtz.com/blog/2009/03/ppip-heads-or-tails/

TraderZones · Mar 30, 2009

Quote from crgarcia:

Yet?
:eek:

crgarcia has not stopped opening new & stupid

threads, and then disappearing from the

discussion, YET??? :eek:

bit · Mar 30, 2009

Quote from Martinghoul:

http://www.ritholtz.com/blog/2009/03/ppip-heads-or-tails/

excellent read.

thank you.

CET · Mar 30, 2009

As I understand it each batch much be evaluated individually, but Merrilll set a low bar for their sell at $0.22, as best I recall.

gnome · Mar 30, 2009

Quote from CET:

As I understand it each batch much be evaluated individually, but Merrilll set a low bar for their sell at $0.22, as best I recall.

I think that's right.

Banks want to claim "$.80"... privateers want to bid $.30. But if banks accept that as value, their balance sheets will be wiped out. What to do... ??