Write Off Those Highly Toxic Loans Or Debts!
February 10-2009:
Write Off Those Highly Toxic Loans Or Debts!
As I see it, if we continue to speculate how or when those toxic loans in the banks will be resolved. I feel that they may never be reconciled, or sold to any realistic investor.
As I see it, if we continue to speculate how or when those toxic loans in the banks will be resolved. I feel that they may never be reconciled, or sold to any realistic investor.
Because they are TOXIC, and the baggage and time it will take to gain traction, much less any income from such loans is un-imaginable at this time.
So the best way to encourage TRUST in the market now, is to WRITE OFF those bad debts, and start afresh.
The banks MUST write off those debts from it's books, and start all over again with credibility and adequate supervision, coupled with Federal Regulation and oversight.
This is to my mind, is the best way to move forward at this time!
Derryck.
NYC.
NYC.
Labels: Bad Debts
posted by Unknown at 3:15 PM
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