Speculation is growing of U.S. plans to create a "bad bank," a financial institution that would help the nation's banks clean up their balance sheets by getting rid of toxic assets.
A similar strategy was successfully used in the late-1980s to end the savings and loan crisis. Skeptics wonder if this time, however, the cost to taxpayers will be too high.Conway Gittens reports.
Speaker: Thomas Cooley, dean, NYU Stern School of Business
Conway Gittens reports from New York.
