Re: [Pen-l] U.S. Imagines the Bailout as an Investment Tool

[Jayson Funke <jfunke@xxxxxxxxxx>]

It is win-win for Wall St. since they not only get bailed out by the
taxpayers, they also get to earn fees off of selling the funds to the very
people bailing them out!


On 4/9/09 2:31 PM, "Jim Devine" <jdevine03@xxxxxxxxx> wrote:

> Correct me if I'm wrong, but this seems marginally better than the
> bail-out proposals so far. The Geithner version of Paulson's plan in
> essence takes tax-payers' money to pay Pimco and others to buy the
> banks' worthless paper, in hopes of reviving the banking system. What
> this does is to take tax-payers' money to pay _taxpayers_ to buy the
> banks' worthless paper, in hopes of reviving the banking system.
> 
> Of course, it's quite likely that the taxpayers most likely to win
> from this win-win (taxpayer lose) deal are the very rich.
> 
> Marginally better, but not sufficiently better.
> 
> On Wed, Apr 8, 2009 at 7:05 PM, Jayson Funke <jfunke@xxxxxxxxxx> wrote:
>> 
>> April 9, 2009
>> U.S. Imagines the Bailout as an Investment Tool
>> By GRAHAM BOWLEY and MICHAEL J. de la MERCED
>> http://www.nytimes.com/2009/04/09/business/09fund.html?_r=1&hp
>> 
>> During World War I, Americans were exhorted to buy Liberty Bonds to help
>> their soldiers on the front.
>> 
>> Now, it seems, they will be asked to come to the aid of their banks â with
>> the added inducement of possibly making some money for themselves.
>> 
> 
> 


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