….. if current market prices are fair, any taxpayer dollars allocated to supporting these markets will simply transfer wealth to the current owners of these securities …..
Filed under: Financial Crisis, Financial Services Crisis, TALF, TARP, Tax Payer Rip Off, Treasury | Tagged: Financial Crisis, Geitner, Investors Benefit At Taxpaer Expense, TALF, TARP, Treasury | Leave a Comment »
From this perspective, policies that attempt to prevent a widespread mark-down in the value of credit-sensitive assets are likely to only delay – and perhaps even worsen – the day of reckoning.
Filed under: Economic Crisis, Financial Crisis, Financial Services Crisis, TALF, TARP, Treasury | Tagged: Economy, Flawed Government Assumptions, Investors Benefit At Taxpayer Expense, Politics Not Economics, TALF, TARP, Timothy Geitner | Leave a Comment »
