jump to navigation

Toxic Asset buy back on the table? 23 November, 2008

Posted by David Anderson in Uncategorized.
trackback

The Federal government decided not to buy so-called toxic assets as originally planned in the TARP 700B plan, but the Citigroup crisis may make it reconsider. You almost need a scorecard to understand the Paulson seat of the pants method of economic management. It goes to prove that the disorder of the free market beats the order of central planning everytime.

Advertisements

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: