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He also said the company intended to "monetize assets that have been sitting there".
Several were designed to "monetize" assets–sell them to a party unlikely to question the value Enron put on them.
He means that the Fed will not only monetize assets held by banks but will purchase assets directly from consumers and bypass the banking system entirely.
They recently sold 34 properties for $166 million, and will lease them back to be operated as Pep Boys stores in an effort to pay down debt and "monetize" assets.
The Federal Reserve, via the issuance of base money (covered money substitutes/reserves plus currency), the bulk of which springs directly from the Federal Reserve's power to monetize assets by writing checks on itself.
As for selling its stake in Hulu, the company is "looking for opportunities to monetize assets" that are not essential to its current strategies, explained AT&T CFO John Stephens.
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David Farrell at Evolution Securities issued a note entitled Take me out suggesting a bidder could indeed emerge: Soco has a history of monetizing assets through disposals.
MR: How user-friendly is the app and what is the potential for monetizing assets?
These are some of my favorite ideas because it means the idea is re-monetizing assets and using them in a different way.
"This is a framework that allows us to monetize our assets while we unleash the creativity of the user," he said.
"We could not have chosen a better year to monetize these assets," Mr. Zell said in a conference call with investors on Tuesday.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com