ihturs

Options Trader: Friday Outlook

Phil,
Haven't read the details of this RTC plan.... but to me its looking like Enron model... move the losses to another special purpose vehicle's (SPV) balance sheet. That way the banks look better. I hope for $1 movement from Banks bad debts to this new vehicle.... they will destrip the bank of its assets (in some shape....). It cannot be free lunch at the expense of the taxpayers.