monday1929

Stiglitz: PPIP Assets = Call Options

The Great thing is that virtually everyone but the hopelessly corrupted see right through this. If this goes through the People may finally rise from their slumber. How many will pay their Taxes in full to a Geithner led treasury?


On Apr 02 06:39 AM morph366 wrote:

> Think of the PPIP as a political figleaf for Tim Geithner. When,
> as will almost certainly be the case, the taxpayers end up having
> overpaid for the assets the Treasury can claim that it was all done
> through a "price discovery" process with their private sector partners.