Heavy Lifting - thoughts and web finds by an economist
|I also contribute to Division of Labour||Load HL's Front Page|
Friday, March 06, 2009
From this Reuters story:
WASHINGTON (Reuters) - The U.S. government plans to invite wealthy investors to invest in the bailout of the crippled financial system, The Washington Post reported on Friday.Guaranteeing returns without risk is not possible unless you have the power of the gun. The story suggests that up to $1 trillion would be "coaxed" out of the wealthy's pockets.
This is a bad idea no matter how pragmatic it sounds.
Prediction: Not enough of the wealthy's wealth is forthcoming in this scheme and the government decides that perhaps it needs to use a little more than coaxing - say seizure?
Comments: Post a Comment
Le Chai - galerie du vin
Posts that contain Craig Depken per day for the last 90 days.
Heavy Lifting's Main Page
Money I Found Today
Heavy Lifting - Firehose style (56k warning)
- Oh no - another awful idea
Modified maystar design
powered by blogger