Only one winner with Toxic Assets plan
The people that will benefit the most are not necessarily the banks but those firms buying the assets. Why, because the government will be assuming majority of the risk.
Firms like BX, RJF, BLK, WDR, STT, GS, MS, will benefit by assuming little risk to buy the assets.
Sounds Draconian to me.
Thats why you see big gains in these stocks above today, because they will be getting Christmas presents from the Government in this year.
#3 American Tax payers.