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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (164136)	3/24/2009 11:51:27 AM
From: stockman_scott	Read Replies (1) \| Respond to of 362350

Letting the Little Guy Invest motherjones.com — By Kevin Drum \| Mon March 23, 2009 10:10 PM PST One of the persistent criticisms of the Geithner plan is that it's a sweetheart deal for investors. The government puts up most of the money, downside risk is limited thanks to the non-recourse funding, and there are probably lots of ways the auctions can be gamed. Matt Yglesias points to a comment at The Baseline Scenario that suggests a way to deal with this: If Geithner’s taxpayer subsidized toxic public/private plan goes forward, I think it would be fair if the federal government allow non-institutional investors to participate via a no-fee investment vehicle. I think if Americans had the option of investing in this program (without having to pay the egregious fees to the investment advisors/PE shops), it would be much easier to swallow since they would at least get the same deal the sharks are getting. Like James Kwak, I think this is a brilliant idea, and one that Treasury should not merely allow, but actively encourage. At least one of the fund managers chosen to participate in the program should be one that agrees to allow investment by retail customers. In the end, Geithner's plan may or may not turn out to be a sweetheart deal, but surely us little guys should have the same chance to find out as the well-heeled crowd.

To: koan who wrote (164136)	3/24/2009 7:45:24 PM
From: Wharf Rat	Read Replies (2) \| Respond to of 362350

Krugman may be our guy, and he may have won the No Belly Prize, but this thin young man is still an economist. As such, his papers should be read as if the opening sentence is always left out..."Assume I can get any plan I want through Congress". The universe, however, has a long history of demonstrating that economists have vivid imaginations. Like this... Paul Krugman: Stimulus Too Small, Second Package Likely (VIDEO) The $787 billion stimulus is not nearly enough to fill the "well over $2 trillion hole" in the economy, Krugman said. huffingtonpost.com Ohhhh Kaaay...he is probably right. But, OMan could barely get 750B, and had to give a bunch of tax cuts to get that. Anybody think 1.5T would have passed the Senate?