Friday, March 6, 2009

Obama And Geithner Try To Team Up With Their Enemies

Obama And Geithner Try To Team Up With Their Enemies

"My plan is so complicated and above your pay grade I don't even have words to explain it in a way you can understand."
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"Come on Helicopter Ben--we'll just use a bunch of jargon and hopefully these idiots will fall asleep."
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"What time is it? I've got a reservation at the Cafe Promenade."
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How I Learned to Stop Worrying and Love Hedge Funds

The Obama administration has announced a plan to join forces with private equity firms and hedge funds to forge public-private partnerships to reverse the housing and credit crisis. This comes after weeks of threatening the rich with income and capital gains taxes, calls for a "redistribution of wealth" and pushing for a "cram down" on home mortgages. Something doesn't seem right.

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