...if the industry was forced to open their books? I'm sure I read somewhere that the main reason they aren't lending is because none of them knows who's got these "toxic assets" and how much. (I'm guessing that would include state/local governments; some FL counties were heavily invested in poisoned securities and there was a lot of withdrawing of funds when it became known. Between that and property tax cuts we're now running on fumes in some counties down here.)
If that's the case, I don't understand how throwing money at the problem will fix it. The toxicity is still poisoning the system.
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