Monday, April 6, 2009

Gaming the system

Sachs has a very interesting article about how banks will be able to "game" Treasury's asset purchase plan, and thus greatly milk taxpayers for even more money, while not wiping out the shareholders.

http://www.huffingtonpost.com/jeffrey-sachs/the-geithner-summers-plan_b_183499.html

Pull out the torches and pitchforks, damnit!

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