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Right now, the system through which money flows is broken. Unless it is fixed, everyone loses access to the money they need to operate.
-- luckycat
So.... Are you saying that we purchase these debts/assets at the current market price? Isn't the current market price part of the reason why they can't be sold between the finance companies? Too low and we really don't know what something is worth? If we purchase them at the current market price, aren't those companies still going be be losing money on those debts/assets? And, are you saying that the companies that sell at such a low price will be willing to buy back those same debts/assets at fair market price when they are back on their feet? When the price is higher? Finance companies are willing to take a loss in order to stay in business?
Like you said, most people don't understand macroeconomics. So, I'm asking.
