Copy and pasted by Po-cheng Huang
Under the new so-called "Public-Private Investment Program," taxpayer funds will be used to seed partnerships with private investors that will buy up toxic assets backed by mortgages and other loans.
Showing posts with label Treasury plan. Show all posts
Showing posts with label Treasury plan. Show all posts
Monday, March 23, 2009
Nobel laureate Krugman slams Geithner bailout plan
Copy and pasted by Po-cheng Huang
Nobel-prize winning economist Paul Krugman said in remarks published on Monday that the latest U.S. Treasury bailout program is nearly certain to fail, triggering a sense of personal despair. Skip related content
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