BANK EXECS STILL SIT ON THEIR ASSETS

The Financial Times reports that certain British banks have finally found a place to unload their most toxic and least marketable investments left over from the financial crisis. Several banks have chosen to sell these bad assets to their own employee’s pension funds! Gee, I wonder if they were able to negotiate a good price with themselves? I’m sure US bank executives are slapping their heads and asking, “why didn’t we think of that?”

  http://www.ft.com/intl/cms/s/0/9dd6b494-cb35-11e0-b6d1-00144feabdc0.html#axzz1W6XSginJ