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Message
re: Banking Sinking Faster Than Gov Can Bail
Posted on 12/30/08 at 10:51 am to Rivers
Posted on 12/30/08 at 10:51 am to Rivers
I can't believe that story doesn't get more press. It's so shady and outright un-American it's not even funny.
ETA: But you do know where most of the TARP money has gone, because TARP money has been used exclusively in exchange for the preferred shares. It's the various liquidity facilities where they're swapping garbage for .001% loans that I want to know about.
ETA: But you do know where most of the TARP money has gone, because TARP money has been used exclusively in exchange for the preferred shares. It's the various liquidity facilities where they're swapping garbage for .001% loans that I want to know about.
This post was edited on 12/30/08 at 10:54 am
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