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Plan to Save Banks Depends On Cooperation of Investors

Wall Street Journal Original article ›

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LyrArc Article Gist
The orderly disposition of assets that Treasury is striving for by creation of a new fund. The SIV's of big banks like Citigroup which has $80 billion of the $400 billion in the SIV's may have to dump assets at firesale prices which would lead to big banks having to bring the SIV's onto their own balance sheets to protect their reputations and set in motion a process that will lead to a reluctance by banks to lend and a reluctance to buy commercial paperby financial market participants. For this effort to work investors have to have confidence in this effort.


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