Fitz919

PPIP Program: Investors Have Mixed Sentiments

PPIP is a very shaky scam, and Pimco knows better than to get involved. Others will see the wisdom in Pimco's move, or simply sit back and watch for awhile before wetting their feet, or running for the hills. Geithner's big plan was DOA before it was even out the door, because mark to market rules were going to be relaxed. And with that single move holders of those troubled and toxic assets could begin raising the value of those assets on their books. Now nobody can sweeten the deal enough to get them to sell. They are geese laying golden eggs, and nobody would sell one of those.

Sorry Geithner, your big plan went bust....but you already knew that, it was all part of your scam to bring confidence back into the market.