Worries About 'TARP 2' Surface
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While the government insists "too big to fail" has gone the way of the dodo bird, there are whispers on Wall Street about a "doomsday scenario" which could include TARP 2.
"There clearly is a doomsday scenario floated by short sellers. They are talking about it in hush terms," FOX Business Network’s (FBN) Charlie Gasparino reported Monday. "There are four elements to this doomsday scenario and its impact on the bank balance sheets. The impact of Greece could cost banks billions, combine that with the mortgage settlement, the Fed MBS sales, and the double dip recession. You put all that together and you have a massive problem", Gasparino continued.
TARP 2 is not an "impossibility," Gasparino stated.
The Obama Administration is putting pressure on all the state AG's to work out a mortgage settlement because of all the issues coming down the pipe.
"There clearly is a doomsday scenario floated by short sellers. They are talking about it in hush terms," FOX Business Network’s (FBN) Charlie Gasparino reported Monday. "There are four elements to this doomsday scenario and its impact on the bank balance sheets. The impact of Greece could cost banks billions, combine that with the mortgage settlement, the Fed MBS sales, and the double dip recession. You put all that together and you have a massive problem", Gasparino continued.
TARP 2 is not an "impossibility," Gasparino stated.
The Obama Administration is putting pressure on all the state AG's to work out a mortgage settlement because of all the issues coming down the pipe.
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