Make Sure to Dot the I's and Cross the T's By Jim Cramer About this article: Does the private market have any appetite for bad assets? Does it make sense that investors join in the government to buy them? Yes, if there is price discovery and financing; no, if it doesn't know their worth and can't get loans to buy the stuff. Many people who don't know the biz often think that these purchases involve actual cash. They don't. The sidelined money wants financing to buy the stuff to magnify the returns. I know instinctively people hear "leverage" these days and don't want to play. Forget about it -- the hedge funds who have the ability to buy this stuff aren't going to touch it unless they can borrow against it. They can only borrow against it with price discovery. I still don't know how they get that without a government trading desk that marries buyers to sellers. Right now no one makes a... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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