No Net (Loss)

March

I read through the details of the T.A.R.P “public private partnership” and was struck by how the govt. has gone to extraordinary lengths to bribe private investors to take a risk. Basically the bribe entails removing the risk. I’d like some of that in my investment landscape please. I can see the backlash now as hedge funds reap massive Taxpayer/Govt-backed rewards, regardless of whether the toxic assets they took off the banks’ books grow or sink in value.

The Obama administration is well aware of this, and is running interference by describing the private investors as the good guys. The heros. The patriots. I am having a slightly hard time with that analogy.

This entry was posted on Tuesday, March 24th, 2009 at 9:50 am by Matt Davies.
You can follow any responses to this entry through the RSS 2.0 feed.
|

3 Responses to “No Net (Loss)”

Steve C. March 24th, 2009 at 11:22 am
They are the heros of capitalism.

I dont want socialism but we need to have democracy and capitalism tempered.

Not sure what the formula is, Churchill said it best. (paraphrased) Democracy isnt the way but it works for now.
Pete March 24th, 2009 at 1:38 pm
Heroes, villains… what’s the difference?
Steve C. March 25th, 2009 at 7:54 am
Pete,

it all depends which end of the sword you are on.

It is a condition of your use of the comment features associated with the blogs that you do not: Use the site to post or transmit any unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane or indecent information of any kind, including without limitation any transmissions constituting or encouraging conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any local, state, national or international law. You alone are responsible for the material you post or send. Refer to the Terms of Service.