Monday, February 9, 2009

To fund a public bailout...

Just ask private investors!

Does no one besides me see anything just a little, um, odd about this? Apparently, the bigwigs in Washington are partly depending on private companies besides banks, such as hedge funds, equity funds, and insurance companies to help out with the stimulus package by buying up 'contaminated assets'.

The aim with this move? To reduce citizen's fears that they will bear the brunt of these assets in their taxes. But, of course, they probably still will, despite the government's best intentions.

See the entire story here

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