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2009-01-11 — cnn.com
Banks want the government to directly monetize their bad assets. Of course, that brings back the old problem of there being essentially no known limit to how much will have to be spent to do that. Then we have the old "pricing problem", which is that if the government "gets a deal" it will accelerate the crash of the market as it sets lower prices. But if the banks "get aid", the government (the taxpayers) will be overpaying for the garbage assets.
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