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Sean 
"Necrosphenisciform anthropophagist."
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 Posted - 10/31/2008 : 02:02:33
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quote:
Originally posted by 9afta9abe
From The Nation
This is nothing new. The point of the bailout is to inject cash into financial institutions by taking on un-saleable 'assets' at inflated prices that the market doesn't want to touch, in addition to subscribing for new shares in said financial institutions resulting in the re-capitalisation of the those institutions.
So they're just doing exactly what they've always said they were going to do: bail out the financial sector with taxpayer money. I'm not sure what this article is trying to say.
Not sure why this needed a new thread, there's another thread in this section on this exact topic. |
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Crisis? You ain't seen nothin' yet!
