What does this mean for the stock. It seems they will be one of the firms that will be buying this garbage assets from banks for pennies on the dollar with the Government making up the difference.
So banks can sell junk for 100 dollars.
government pays 90 dollars
GE only pays 10 dollars.
Which is what I am guessing is the gist of it.
So banks can sell junk for 100 dollars.
government pays 90 dollars
GE only pays 10 dollars.
Which is what I am guessing is the gist of it.