They keep talking about "Rewarding bad actors". I find it interesting that instead of evenly providing lequidity. They want to only proved it to the institutions that are willing to Accept Warrents, and the other punitive provisions in the program. Hopefully they aren't that punitive, and are just reasonable.
My consern has always been that what they realy want to do Is rain Liquidity aross banks by market cap. As opposed to only getting MBS, or other crazy derivitives. But also pick up just some mom and pop loans and commercial loans.
Hopefully some of the republicans did a Wikie lookup of Smoot-Hawley Tariff Act Realized, they didn't want to be smoot or hawley....
Friday, September 26, 2008
That razers edge.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment