ST Alpha - "I really don't know what information you're lookinig for." (Reading a Post)

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I really don't know what information you're lookinig for.

Posted by pmb (aka pmb) Aug 10 '09, 11:23

The main purposes were to shore up the balance sheets of these banks and 1) give confidence to consumers that their banks would survive, 2) relieve them of the burdens of some bad debts where the collapse of the markets both likely undervalued some of these assets (since they were essentially valued at $0 in many cases), again to help the balance sheet and reduce their capital requirements to improve liquidity and 3) to provide additional liquidity to open the lending markets more. Yes, it shouldn't go out to shareholders as dividends. Yes, it shouldn't go to officers and directors as additional bonuses. But other than that it was supposed to allow them to operate as a bank again. What details do you want?

Responses:

The devil is in the details pmb. -- nm - Loyola Aug 10, 11:25 2
- What details do you want? That's what I keep asking? - pmb Aug 10, 11:29 1
  - I don't think it's too much to ask exactly how valuations were arrived at for troubled assets held on the banks' books. - Loyola Aug 10, 11:42

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I really don't know what information you're lookinig for.

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