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Obama's Treasury Department Seeks to Wildly Overpay Banks for Toxic Assets

2-03-09 • Ritholtz.com

While Treasury can try to argue that this is a less costly approach I would argue that it is a thinly veiled attempt to prevent losses from being recognized and which will result in larger levels of ultimate loss.

www.universityofreason.com/a/29887/KWADzukm

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