TARP / MRI Implications
Hey Folks,
What are your thoughts on the proposed Trouble Asset Relief Program (TARP) that Hank Paulson continually is banging on the table this past weekend? The chief concern of most people (including myself) are the necessary oversight measures that will be placed into the program and to ensure that the American taxpayer won't be screwed over by purchasing bad debt from banks at overvalued prices.
$700B is too high of a price tag for the American people to receive nothing tangible other than "improved market sentiment."
For more info checkout the following Bloomberg article or the NYTimes article.
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