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The TBTF banks lie in bed at night dreaming they had the kind of government backstop afforded to...

  • Wednesday, March 13, 7:35 AM ET
    The TBTF banks lie in bed at night dreaming they had the kind of government backstop afforded to the sugar industry. The USDA may buy 400K tons of sugar to prop up sugar processors which borrowed $862M under a government price-support scheme. Roll that one around for a few seconds. The higher prices pay for processors' vacation pads, but hit companies like HSY and NSRGY.PK, along with their customers.
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This news story has 2 comments:

  •  
    "In the United States, sugarcane is grown commercially in Florida, Hawaii, Louisiana, and Texas".....sequester sugarcane??
    13 Mar, 07:42 AM Reply Like
  •  
    this is a scandal - this and the ethanol rort are emblematic of corporate pork that must be abolished.
    P
    13 Mar, 01:53 PM Reply Like
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