Toxic-Asset Plan Painful But Necessary, Says Blair
Sheila Bair, chairman of the Federal Deposit Insurance Corp., says the government’s plan to buy troubled assts from financial institutions may result in painful losses for the firms but it may be just what is needed to jump start the economy.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
