Doug Henwood wrote:
On Sep 29, 2008, at 9:51 AM, Michael Nuwer wrote:
Is the Paulson plan an "injection of funds" or is it merely a
substitution of toxic waste now on balance sheets with treasury
securities?
Since when would that not be an injection of funds?
I'm not sure, hence the question.
But, if the plan is a substitution of securities, that sounds like a focus on
liquidity problems. If I'm understanding how these thing work (and perhaps I'm
not), the plan does not increase the banks' capital (or is not an injection of
capital).
(If my simple minded question offends you or anyone else, please feel free to
ignore it.)
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