pondee

Forget Financials, Look to Healthcare and Biotech Sectors

Isn't the "new" plan the same as the "old" plan that either didn't work or wasn't allowed to work? Wasn't the "old" plan to buy troubled (toxic) assets from the banks and hold them in Government care, gleaning what could be gleaned therefrom for the taxpayers, and leaving the Banks trouble free to go about their business? How is the "new" plan different from the "old plan?. Why was the "old" plan changed? Why should the "new" plan, just a re-hash of the"old" plan, work today when it didn't, or wasn't allowed to, work? How will troubled (toxic) assets be priced for removal from private hands?

Thank you:

Frank