No one knows the true market price of the dodgy assets
No one knows the true market price of the dodgy assets—as no one wants to buy them, as no one knows their true value—so the government is having to invent a price.
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The Global Financial Crisis »The Global Financial Crisis
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How should the US and other governments respond? »How should the US and other governments respond?
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Measures to alleviate the immediate symptoms? »Measures to alleviate the immediate symptoms?
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The Emergency Economic Stabilization Act 2008 »The Emergency Economic Stabilization Act 2008
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Insufficient information available to make sound policy decision »Insufficient information available to make sound policy decision
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No one knows the true market price of the dodgy assets
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Goverment must invent a "discovery" process and hope for best »Goverment must invent a "discovery" process and hope for best
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If government price is too high, tax payer is ripped off »If government price is too high, tax payer is ripped off
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If the government price is too low, the banks will be ruined »If the government price is too low, the banks will be ruined
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