Saturday, March 28, 2009

How to Game the Geithner Plan

UK Bubble posted this video. It's 12 minutes, but it shows in detail how the Geithner plan is easily gamed.

1 comment:

Dean said...

So I'm sitting there listening to this guy and wondering, "who will be the private investor?"

And then I got a really queasy feeling in my gut because I knew that in our Barack New World what the answer was going to be.

At the 6:30 mark where the dude says "the banks", I realized why the market bounced when Geithner announced his plan: Minimal exposure for the banks, max exposure to tax payer. Wonderful.