Monday, March 23, 2009
Hedgie's don't want the Feds to look at their books
Private investors like hedge funds are expected to play a key role in the government's ability to help banks rid themselves of the toxic assets that are weighing down their balance sheets. The government's plan includes providing incentives, like financing, to encourage private investors to buy up these problem assets.
However, there is a fear among some of these would-be buyers that the government might subject them to some of the same backlash that's been plaguing Wall Street firms that accepted taxpayer money.
Posted by Palmoni at 7:25 AM