Geithner plan

Geithner plan is fraud on the tax payers. It may play out as follow:
1- Banks advance Hedge funds the 5% that they need to bid on the bad assets.
2- Those hedge funds (for a price of course) bid with the banks 5% and the mostly tax payers money for the bad assets at high prices. Hedge funds will get management fees and all
3- Hedge funds walk away from those bad bids and the tax payers end stuck with garbage assets. The bank get tax payers money.
4- Hedge funds lose nothing since the money used are other people money mainly tax payers money. Banks get rid of garbage assets for high prices and tax payers get hosed