About those things I said before...

February 24, 2009 in Finance

Does it strike anyone else as odd that the same greedy, irresponsible, "shameful" people who got us into this mess are the same ones Obama is relying on to get us out?  They may call it "private money" but the reality is that taxpayers are going to subsidize loans allowing Wall Street et al. to reap the full benefits of toxic-asset investing (I know, I know) while taking on only a fraction of the risk.

Bloomberg: Geithner Bad Bank Alternative May Rely on Loans to Hedge Funds

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