Regarding the “privatization” of bad assets, it would not supprise me if the big banks used complex organizations to “privately” purchase (tax-payer insured) bad assets from themselves! If they could pull this off, there might be a huge profit.
On first glance, this seems totally unreasonable, but given the level of “&^$*^” and abuse we have seen (and the government give a blind eye to) it would not be out of the realm of possibility.
