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  • March 24, 2009 at 9:49 AM #372843
    DWCAP
    Participant

    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

    Atleast someone understands.
    http://globaleconomicanalysis.blogspot.com/2009/03/geithners-galling-and-dangerous-plan.html

    March 24, 2009 at 9:50 AM #372226
    DWCAP
    Participant

    damn…..

    March 24, 2009 at 9:50 AM #372508
    DWCAP
    Participant

    damn…..

    March 24, 2009 at 9:50 AM #372681
    DWCAP
    Participant

    damn…..

    March 24, 2009 at 9:50 AM #372725
    DWCAP
    Participant

    damn…..

    March 24, 2009 at 9:50 AM #372838
    DWCAP
    Participant

    damn…..

    March 24, 2009 at 9:58 AM #372236
    SD Realtor
    Participant

    DWCAPyou forgot to mention that the private equity investments will essentially be insured with taxpayer money as well.

    March 24, 2009 at 9:58 AM #372517
    SD Realtor
    Participant

    DWCAPyou forgot to mention that the private equity investments will essentially be insured with taxpayer money as well.

    March 24, 2009 at 9:58 AM #372691
    SD Realtor
    Participant

    DWCAPyou forgot to mention that the private equity investments will essentially be insured with taxpayer money as well.

    March 24, 2009 at 9:58 AM #372735
    SD Realtor
    Participant

    DWCAPyou forgot to mention that the private equity investments will essentially be insured with taxpayer money as well.

    March 24, 2009 at 9:58 AM #372848
    SD Realtor
    Participant

    DWCAPyou forgot to mention that the private equity investments will essentially be insured with taxpayer money as well.

    March 24, 2009 at 10:03 AM #372246
    DWCAP
    Participant

    SD_R, They are? I havnt gotten to that one yet! So it is a public private partership where we share the rewards and the taxpayers take all the losses. Or, in a more colorful way, F#@*ing the taxpayers in the ass to protect the monied and powerful. I dont know why I was expecting/hoping for any different.

    March 24, 2009 at 10:03 AM #372527
    DWCAP
    Participant

    SD_R, They are? I havnt gotten to that one yet! So it is a public private partership where we share the rewards and the taxpayers take all the losses. Or, in a more colorful way, F#@*ing the taxpayers in the ass to protect the monied and powerful. I dont know why I was expecting/hoping for any different.

    March 24, 2009 at 10:03 AM #372701
    DWCAP
    Participant

    SD_R, They are? I havnt gotten to that one yet! So it is a public private partership where we share the rewards and the taxpayers take all the losses. Or, in a more colorful way, F#@*ing the taxpayers in the ass to protect the monied and powerful. I dont know why I was expecting/hoping for any different.

    March 24, 2009 at 10:03 AM #372745
    DWCAP
    Participant

    SD_R, They are? I havnt gotten to that one yet! So it is a public private partership where we share the rewards and the taxpayers take all the losses. Or, in a more colorful way, F#@*ing the taxpayers in the ass to protect the monied and powerful. I dont know why I was expecting/hoping for any different.

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