According to the Organisation for Economic Co-operation and Development (OECD), the output gap in the advanced economies, after having reached minus 4.0 percent of GDP in 2009, is expected to exceed minus 3.0 percent in 2013, at minus 3.3 percent.
It would be better to limit the objective of these asset management companies to orderly resolution of stressed assets with graceful exit thereafter; in other words, no mission creep over time to do anything else such as raise deposits, start a new lending portfolio, or help deliver social programs.