What were the grounds used by the government to deem AIG suitable for their assistance, while allowing Lehman Bro’s to crash and burn? was it their zone of effect post-bankruptcy, or the amount of assets based in mortgages? i dont see why they help AIG, Let Lehman crash, Finance JPMorgan to buy Bear Sterns, AND seize WaMu and hold it for auction. what are their criteria?

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.

If someone forecloses and the government buys the bad debt from the banks, some of the people that lost there home still have to pay the remainder of the mortgage that was left on the home after the auction, who will they pay now the government or the banks.

Where are the real local government auctions

1. E-bay does not let seller to do the negative feed back to monkey buyers.As e-bay just want to protect it’s profit.
2.E-bay to push every one to use the most unreliable payment methods-Paypal and stop the members to use more reliable,long history payment methods.Just to protect it’s profit,as Paypal is bellowed with e-bay.
3. E-bay can let the buyer or seller to cancel the bidding,may be he forgot that e-bay is an auction company.It is an international rule that no regret after bidding both in sellers and buyers in any auction company,in any country.
4.Which government department can charge e-bay’s wrong policy and check it’s action included it’s finance is healthiness or not?

Thanks for the help everyone. Does anyone know a site that is exclusively Canadian government seized property auctions? Thanks again…..
I don’t want the free sites. I’m interested in the sites that cost like 40 bucks…Which ones the best? Which one(s) has the most Canadian or online auctions? Thanks…