How well would be the creation of a bad way out of the crisis? Buenos Aires, Argentina on January 29, 2009 yesterday, after quite some time, returned the euphoria to markets from the hand of good news coming from the United States and which could accelerate the exit of the global economy of the situation of recession which is. It is that, apart from the maintenance of the interest rate of reference by the Fed and the approval of the stimulus by the House of representatives plan, it has gained strength the possibility of creation by the U.S. Government of a bad bank or entity who acquires most of the toxic assets of bankswhich you clean up the balance sheets of banks and thus supported the stability of them putting them in conditions begin to revive credit circuit. It is worth remembering that this idea of creation of a bad Bank that you purchase the toxic assets of the entities banking was already used by the Scandinavian authorities in the resolution of the banking crisis in 1991. The bad Bank proposal for us.UU. It would be managed by the Federal Deposit Guarantee Corporation (FDIC in its acronym in English), entity chaired by Sheila Bair, who would be responsible for U.S.
financial institutions acquire those assets affected by mortgages subprime. Once acquired those toxic assets, the FDIC will insure them through a bond issue guaranteed by the institution itself. So the FDIC clean up toxic assets entities thereby eliminating the risks of crisis that U.S. financial institutions are currently subjected. But to realize that cleaning of the financial institutions, one of the key issues that must be analyzed carefully, and that will be essential to make the initiative work, is the way in which the FDIC will assess the toxic assets of banks in the When you acquire them.