Quote:
Originally Posted by widebody911
Like I said before: it's a turd sandwich. If there was easy money to be made (as some proponents claim), the banks wouldn't be begging the government to take a bite.
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The catch to that is that no one other than the goverment has the money to be able to buy these assets and hold them for that period of time. It may be easy money if you have 700 Billion.
Look at the deals that Buffett got on Goldman and General Electric. It is essentially a no brainer the deals he was given. He is getting paid better than 10% interest. He has 5 and 3 billion dollars respectively and the ability to hold those assets for a long term. That right there is some easy money. The banks would love to be getting in on those deals, but without the money they can't do it. The government MAY be in Buffetts shoes with respect to these assets.