Regarding the bank bailout plan, I keep hearing about how investors still don’t know how the government plans to price the toxic assets in a way that will please both the banks holding the assets and the private investors looking to buy them.
Why not a public auction? It would be the banks’ responsibility to provide the necessary information (risk rating, loan terms, etc.) to potential bidders, and let them pay what they will.
Of course, banks’ responsibility has been in short supply lately…did I just answer my own question, or does anyone else have any thoughts?
Thanks NT, but isn’t that the whole point of an auction? If the assets are worth more, more bidders will come in until they reach a fair value.
The sales option should have fixed price and shouldnt be like auction.
I’ve heard that you can buy cars that have been seized from criminal activities, repossessed by banks and lending institutions, and vehicles that are government surplus. What’s true, and how does it work?
Originally posted 2009-04-03 18:23:13.
Say if I have no will, no relatives, friends anybody. Just a lonely old millionaire.
If my trip to Auckland took an unexpectedly turn and the plane crashes but I don’t die, but everybody thinks I am, what happens to all my assets? Lets say I’ve been gone for a decade, I had amnesia, stranded on an island, (like Tom Hanks in Cast Away). My house, cars, money, pets, etc. where does it go? Does the government take and auction it off to say it is for charity?
cars that have been seized by the government or law enforcement. i hear the auction them off for real cheap and i want to figure out what i need to do and where i need to go to get one of those cars.
Originally posted 2009-03-27 14:37:54.
Originally posted 2008-07-22 14:44:49.
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