Washington Post reporters have no idea what price banks consider "fair" for their toxic assets. They might know the price the banks want or the price that the banks say is "fair," but they do not have access to the inner thoughts of the bankers. So, why don't they just stop telling us that the banks can't get prices their consider fair for their toxic assets?
It is also remarkable, that in a paper obsessed with cutting Social Security, an article that discusses a plan that could hand more than a trillion taxpayer dollars to bankers and investors, the issue of a taxpayer subsidy is never explicitly discussed.
The American Prospect is nonprofit, reader-funded journalism—and we need your help.
Our reporters dig deep, hold power to account, and explain how policy shapes people’s lives. If you value independent journalism that goes beyond the headlines, now’s the time to support it.
Here’s how you can help: • Donate to power fearless reporting
• Subscribe to get our print magazine 6x/year.
