U.S. Treasury Secretary Tim Geithner's plan to get so-called toxic assets off of the nation's bank balance sheets relies on private investment firms, including pension and hedge funds investors, to buy up the bad assets. In return for the investment, the government would help minimize their risk. Despite this assurance from the government, who is willing to buy the assets and how exactly will this work? New Jersey Governor Jon Corzine
has a great deal of experience in both the private and public investment markets and he joins The Takeaway now to explain why these bad debts might be a good investment.