Robbery of the American People
OpenMarket.org
by Hans Bader
03/31/09
‘Nobel Prize-winning liberal economist Joseph Stiglitz points out that the Treasury Secretary Tim Geithner’s plan to have the government subsidize investments in ‘toxic assets’ creates a serious moral hazard: Private investors will pocket any gains, while the federal government promises to cover virtually all potential losses: ‘Quite frankly, this amounts to robbery of the American people.’’ It’s the London Telegraph that’s reporting this, though...
http://tinyurl.com/dgu9ga
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Geithner
http://freepage.twoday.net/search?q=Treasury
http://freepage.twoday.net/search?q=Joseph+Stiglitz
http://freepage.twoday.net/search?q=toxic+assets
http://freepage.twoday.net/search?q=Hans+Bader
by Hans Bader
03/31/09
‘Nobel Prize-winning liberal economist Joseph Stiglitz points out that the Treasury Secretary Tim Geithner’s plan to have the government subsidize investments in ‘toxic assets’ creates a serious moral hazard: Private investors will pocket any gains, while the federal government promises to cover virtually all potential losses: ‘Quite frankly, this amounts to robbery of the American people.’’ It’s the London Telegraph that’s reporting this, though...
http://tinyurl.com/dgu9ga
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=Geithner
http://freepage.twoday.net/search?q=Treasury
http://freepage.twoday.net/search?q=Joseph+Stiglitz
http://freepage.twoday.net/search?q=toxic+assets
http://freepage.twoday.net/search?q=Hans+Bader
rudkla - 1. Apr, 10:59
