Consider this:

Why do we need a government bailout in the first place? The idea was the gov would buy all these bad assets and free up capital for banks to start lending again.

BUT

Why does it have to be the gov't? Is the private sector not capable of healing itself? Case in point: C buys WB. C bought what it wanted and cost the taxpayers nothing! If WB assets were truly toxic, then why was there a non-gov't buyer???

Something is not worthless if there is someone out there who is willing to pay money for it. Granted it will be much less than initially thought but hey, let the market decide who stays and goes.

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Jennifer
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