It worked for Buffet.
Bingo. I've been wondering why Hank Putin didn't start with this plan (other then he was letting his buddies gobble up the spoils).
Buffett has preferred shares in Goldman for $5 billion that pay him a dividend of $500 million / year and he can get an upside equity stake. This $5 billion in equity lets Goldman lend $50 billion. Buying toxic assets only allow them to loan on a 1 to 1 ratio, not a 10 to 1 ratio. But, the bailout still sucks!