The latest, freshest idea to stimulate economic recovery is that the government should buy toxic mortgage-backed assets. Sound familiar? It should, this was the original idea behind TARP before former Treasury Sec. Hank Paulson diverted the money to an executive bonus/dividend protection and rat hole lubrication program.
Four months and a trillion dollars later and we may be returning to scratch and starting over again.
Note to Hank Paulson: Did anyone ever tell you ya played a mighty fine fiddle there, Nero.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment