Ben Bernanke Explains It All
Like many people, I assumed that the Treasury Department, as part of its the bailout plan for the financial industry, would buy up bad debt at less than market value. I wondered how firms would make up for the hole that would leave in their balance sheets.
Tagged bad-debt, bailout-plan, balance, debt-at-less, financial, for-the, hole, its-the, market-value-, their-balance, treasury, treasury-department