Just Win baby!
To answer your questions:
1) The banks decided to ignore the poisoned assets and purchased performing assets instead. All the bad loans are still there. Be aware of the shadow inventories. The banks are not foreclosing on all their properties right away. They don't want to flood the market with foreclosures and drive prices down.
2) Very good business for the companies who received the monies. They still laid off their people, cut benefits, looted the retirement funds, stopped lending and collected their bonuses.
Bob Burns Freedom$oft
