Sunday, March 22, 2009

Another Trillion down the drain

Voltron says: Treasury Secretary's new plan is a waste of another Trillion and a waste of time. Heck if Obama can't get Paul Krugman to cheerlead for him . . . who will? The only beneficiaries seem to be hedge funds that get a put option at taxpayer expense with 33 times leverage and 3% maximum downside risk that they can probably hedge. Sign me up! Won't fix anything though.

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