February 11, 2009
Builder Magazine quoted SPPD Distinguished Fellow Stan Ross about the U.S. Treasury's recently announced recovery plan. The plan isn't necessarily an improvement over what was already in place, Ross said. The government will eventually end up guaranteeing at least some of the losses incurred by buyers and sellers of banks' toxic assets. However, the new plan has critical components that address bank capitalization and consumer lending. "This frees up capital, the banks will survive, they get new capital, they make loans to companies, and the companies invest in capital improvements," leading to more jobs created, he explained. Ross is chairman of the Board at the USC Lusk Center for Real Estate.
Builder Magazine quoted SPPD Distinguished Fellow Stan Ross about the U.S. Treasury's recently announced recovery plan. The plan isn't necessarily an improvement over what was already in place, Ross said. The government will eventually end up guaranteeing at least some of the losses incurred by buyers and sellers of banks' toxic assets. However, the new plan has critical components that address bank capitalization and consumer lending. "This frees up capital, the banks will survive, they get new capital, they make loans to companies, and the companies invest in capital improvements," leading to more jobs created, he explained. Ross is chairman of the Board at the USC Lusk Center for Real Estate.