This materila is paraphrased from an article in Barron’s by Steven Spears.
If Congress spends too much time debating the Troubled Asset Relief Plan, or TARP.
or adding amendments to the bill’s language, stocks will likely decline even further.”
Hedge funds investors love this. The make money by driving stocks into the ground. It would not surprise me at all if they are spending large sums of money to influence votes on TARF. Consider this a form of green mail.
“Already, Fortis, Belgium’s largest retail bank, received a $16.4 billion government bailout. Germany’s second-largest commercial property lender, Hypo Real Estate Holding, got a credit line of $37 billion to $44 billion from various banks. Britain’s nationalized lender Bradford & Bingley is taking over a $91 billion loan and mortgage portfolio.”
This is all happening at the same time that our elected officials worry more about getting reelected than about the best interests of the country
You must be logged in to post a comment.
BY: JohnInDenver
IN: Weekend Open Thread
BY: JohnInDenver
IN: Weekend Open Thread
BY: Duke Cox
IN: Weekend Open Thread
BY: Conserv. Head Banger
IN: Weekend Open Thread
BY: Ben Folds5
IN: Closing Federal Center in Lakewood Would be Economic Disaster
BY: spaceman2021
IN: Closing Federal Center in Lakewood Would be Economic Disaster
BY: JohnNorthofDenver
IN: Weekend Open Thread
BY: Duke Cox
IN: Weekend Open Thread
BY: Powerful Pear
IN: Weekend Open Thread
BY: Powerful Pear
IN: Weekend Open Thread
Subscribe to our monthly newsletter to stay in the loop with regular updates!
Comments