Socialized Losses
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Monday, March 23, 2009. Geithners plan Self-dealing will solve the banking crisis. Secretary Geithner has put forth yet another version of the bad bank plan. Several pundits. Have already pointed out shortcomings in the bidding process. But when that total loss occurs, Citi now only loses 10 cents on the dollar because the govt just put up the other 90 cents. This plan is in fact relying on disguised interests to bid the prices up to absurd levels and have the taxpayer foot the bill. US home loans exc.CONTENT
This web page socializedlosses.blogspot.com states the following, "Monday, March 23, 2009." We saw that the webpage said " Geithners plan Self-dealing will solve the banking crisis." It also said " Secretary Geithner has put forth yet another version of the bad bank plan. Have already pointed out shortcomings in the bidding process. But when that total loss occurs, Citi now only loses 10 cents on the dollar because the govt just put up the other 90 cents. This plan is in fact relying on disguised interests to bid the prices up to absurd levels and have the taxpayer foot the bill."SEEK SIMILAR DOMAINS
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