Toxic Assets Toxic to Geithner Bank Bailout Plan: Updated

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lKmIuo

Qxoizxhr of IL 9:17PM July 15, 2009

Here's an idea: Form a new holding company, call it "Hope America," (thank you Karen from Fast Money, CNBC) and issue shares to every retail investor who wants in at $10 per share, min investment 100 shares. Meanwhile, force banks to transfer toxic assets to new company at 75% of book value (they should pay something for their stupidity). Sell the shares in Hope America like war bonds from FDR's day. I'd buy some myself. Any upside can be issued to shareholders in the form of dividends, risk goes into the everyday trading of the shares. Why not? Makes a lot of sense to this former equity analyst from Wall Street.

MHalyard of FL 7:50PM February 12, 2009

Sure he's pushy and obnoxious but he is not intelligent enough to handle a toxic asset discussion.

Pat of IL 2:27PM February 10, 2009

Mark Haines is the guy they should sic on these people, not Steve. He has a better track record of holding people's feet to the fire and asking uncomfortable questions.

Dock of TX 12:40PM February 10, 2009