September 30, 2008 03:15 AM UTC

Green Mail

• 0 Comments
• by: Ray Springfield

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

http://online.barrons.com/arti…