Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

FAST MONEY FEATURES

PollFast Money PollsFAST MONEY POLL
Get in the post game.  Respond to our "Question of the Day" right now.



Full ShowFull ShowFULL SHOWS
Missed an episode of Fast Money?  Watch the latest show here.



Hedge Fund Trade of the WeekHedge Fund Trade of the WeekHEDGE FUND TRADE OF THE WEEK
Which names are generating the most chatter across the hedge fund community this week?



CALL TO THE FLOOR | CEO EXTRA
Check out our library of CEO interviews; conversations from TV as well as web exclusives.




Trade SchoolTRADE SCHOOL
Grab a pencil because school is in session and the Fast Money traders are teaching class.


PodcastFM Podcasts
FAST MONEY PODCASTS
Download Fast Money onto your MP3 Player.




FM WIDGETFAST MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.



ShopSHOP FOR FAST MONEY MERCHANDISE
Get your game on with Fast Money gear.




Wanna See Our PhotosFAST MONEY SLIDESHOWS!
Check out our scrapbook.  These "pix" are guaranteed winners.



SignupNewsletterNEWSLETTER
Sign up for our daily newsletter!





FM Mobile AlertFAST MONEY MOBILE ALERTS
Get advanced information about the next Fast Money.



Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
Text Size
Jan.28
11:35 AM ET
Wednesday, 28 Jan 2009

See What People Are Saying About... Obama's Bad Bank

In order to repair financial markets the government must create a so-called bad bank -- that's according to Laura Tyson, an economic adviser to the Obama administration.

Speaking at the annual meeting of the World Economic Forum, she said, "the natural next step is, which is real simple, you take the bad assets out, the balance sheets are hit really hard, you recapitalize banks with different rules, and they go out again and lend."

However billionaire investor George Soros sees a bad bank as more of a band-aid than anything else. He calls the bad bank initiatives "only palliatives."

Instead, Soros thinks the solution lies with a new bank.

"I would keep the capital of the banks together with the bad assets in the bad bank and then create a new bank..." His comments suggests, at least to me, that a key to recovery could be kicking the bums out of the corner offices, to put it plainly.

And that leads to our Fast Money Reader Poll. Do you think a bad bank will spark a recovery?











Read More:
> Soros: 'Bad Bank' for Troubled Assets Is Bad Idea



______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep your comments private? Send those questions and comments to .

CNBC.com with wires

© 2012 CNBC



Current DateTime: 09:37:12 10 Feb 2012
LinksList Documentid: 29778428

Current DateTime: 02:33:41 10 Feb 2012
LinksList Documentid: 29779196

Current DateTime: 11:35:13 10 Feb 2012
LinksList Documentid: 29779197

Current DateTime: 02:56:30 10 Feb 2012
LinksList Documentid: 29779199
CNBCCNBC
About CNBC  |  Site Map  |  Video Reprints   |  Advertise  |  Help  |  Contact
Privacy Policy  |     |  Terms of Service  |  Independent Programming Report
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2012 CNBC LLC.  All Rights Reserved.
A Division of NBCUniversal
Thomson ReutersThomson Reuters