Archive for the ‘bad bank’ tag
When Will Hank Paulson Be Done Wrecking The Country?
He’s got less than two months to do it, but it’s possible that by the time Obama gets into the hot seat, America may be in a very nasty depression. Take Hank’s words of wisdom for example on NPR.
November 13th.
Nobody is asking themselves anymore is there some major institution that might fail…
November 23rd
Ten days later and Citigroup’s stock is trading at well below the level where many institutional investors have to sell. Citigroup and the Government meet over the weekend to create a “bad bank” backed by the Government to park all Citigroup’s ‘toxic’ junk, so the bank can rebuild at taxpayer expense
Please, Hank, just go away.
