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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (192639)3/23/2009 1:27:00 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
Good for Galbraith. Seems that only the academics like him, Buiter and Simon Johnson have this pegged for what it is: The greatest transfer of wealth from public to private sector in history. And to the most undeserving, wasteful scum in all of society.

I'm making tons of caysh today, but I weep for my country.



To: DebtBomb who wrote (192639)3/23/2009 2:34:40 PM
From: geode00Respond to of 306849
 
"...The backlash on Capitol Hill means private firms may think twice about taking part in Geithner’s public-private partnership, even though government financing will limit their risk and increase the potential of earning profits, David Kotok, chairman and chief investment officer of Cumberland Advisors Inc., in Vineland, New Jersey, said before today’s release.

Summers said that executive-compensation restrictions won’t apply to investors in the Treasury’s plan."

---------- Oh, that's going to be popular Larry.

bloomberg.com