Alternet/Financial Times: Soros: How to Recapitalize the Banks
For the complete report from the AlterNet and the Financial Times click on this link
How to Recapitalize the Banks
"Instead of just purchasing troubled assets the bulk of the funds ought to be used to recapitalize the banking system. Funds injected at the equity level are more high-powered than funds used at the balance sheet level by a minimal factor of twelve -- effectively giving the government $8,400bn to re-ignite the flow of credit. In practice, the effect would be even greater because the injection of government funds would also attract private capital. The result would be more economic recovery and the chance for taxpayers to profit from the recovery".
Labels: Soros, US Economic Meltdown
