Well alittle more research into it and as I expected there is no real difference. It is TARP redux, cept this time it is bigger and badder cause it is 33% bigger and private equity is gonna join. I am guessing that they will manage these for the GOV for a fee too, and sure enough in a year or two they will make money no matter what happens. Really “sharing the losses”.
“Geithner and Bernanke clearly do not understand the problem. The reality is are few credit worthy borrowers to lend to and therefore no reason for banks to lend. Moreover, with rampant overcapacity and a slowing economy there is no good reason for credit worthy borrowers to borrow.”-Mish
