BizJournals Portfolio
Mar 23 2009 4:37pm EDT

Bailout Math

Nemo at Self-Evident has a great post on what he's calling the "Geithner Put", explaining how banks could buy assets with a long-term value of 50 cents on the dollar, pay 84 cents on the dollar for them, hold them to maturity, and still make a healthy 16% profit. Which does help explain why Geithner is convinced that the banks will want to sell their toxic assets under this plan.

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