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- Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block.
Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.
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Steve Jensen
When will they learn. It all comes down to price. Too low the banks don't participate too high the tax payers lose. Just take the assets in exchange for clean capital which immediately allows the banks to lend more. Work the assets out into a salable security and if there is a profit give it back to the banks and keep a little piece for the taxpayers benefit. If the original value is too low then charge the banks the loss. If you work it out into a security that is tax free then the value is enhanced and the banks win, the taxpayer wins and the investor wins. This is really simple. When will they wake up?
Hal
I'm listening to Geigthner right now. While he's talking the Dow is going down. Typical. He just dodged the question of banks wanting to give the TARP money back. Americans need to get out of their debt on their own and put their money into some safe havens and savings. The government is not the answer and should never be a controlling shareholder.