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No Net (Loss)


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.
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Matt Davies
Matt Davies is the Pulitzer Prize-winning editorial cartoonist for The Journal News. Born in London, he immigrated to the United States in 1983 and pursued his love of drawing, writing and making fun of people in positions of power throughout his educational career, while fitting in schoolwork in his spare time.



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