The law that allows the Treasury Department to buy up toxic mortgage assets from banks and other institutions provides some tax relief — and some tax hits.
Robert Willens, CFO.com | US
October 14, 2008
I doubt that there is any feasible measure to solve the offshore banking crisis. The only cure is time, but it is so hard to explain this to the voters.
Posted by Elliot Clark | January 21, 2009 02:25 am
Well, bailout may work for this time, but there is threat that it will cause stronger crisis in the future, since such actions create moral hazard and banks become more willing to undertake high risks to get higher returns.
Posted by Felix Mackenzie | October 15, 2008 07:12 am© CFO Publishing Corporation 2009. All rights reserved.