Banks retreating from partnership with Obama administration

by Ed Morrissey, HOT AIR:

And after seeing what happened to executives at AIG and other TARP recipients, no one needs to ask why — except apparently for the Washington Post. Thanks to rapid infusions of cash, banks can now take their time unloading mortgage-backed securities and their derivatives, known colloquially as “toxic assets”, without a government partnership. The Obama administration doesn’t sound happy about it:

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