User 268076

The Greatest Short Sale in History

I would really enjoy running TARP should the job be offered to me. A $700 billion checkbook and mad as hell.

My plan would be:

1. Realization that some support is required to obtain economic stability. This would be allowed grudgingly and at a heavy discount level and with associated punitive terms devised by the most devious legal minds available to insure the taxpayer eventually profits at expense of the corporations. Teach 'em a lesson is what I say. Think AIG is getting the shaft at 850 basis points over LIBOR? You ain't seen nuthin'. These guys will beg for the AIG deal by the time I'm done.

2. Realization that the senior executives and boards of all companies that I would help would have to be cashiered and lose all options, pensions, severance and other such benefits through invocation of malfeasance clauses and contractual requirements.

3. A deep anal probe of the finances of replaced boards and executives to insure complete lack of any ethical improprieties. Discovery of such will result in persecution in both the courts and press. At the end of the public pillorying only modern news media can provide they can rot in jail next to Lay and Skilling. It is anticipated that few executives, if any will be able to withstand the microscopic level of study that will be undertaken.