The Obama-Geithner plan to restart the Bubble Economy’s debt growth so as to inflate asset prices by enough to pay off the debt overhang out of
new “capital gains” cannot possibly work. But that is the only trick these ponies know.
www.counterpunch.org...
this is the goal of the stimulus plan and the soon to be bank plan which the latter's goal is to shift liabilities from the banks to the
taxpayers....while gaming yet another profit making opp. for some private investors, paying foreign bond holdes full price for toxic debt bonds, and
the gov't / taxpayer being left "saddled" with the TRILLION i losses and of course "very very surprised LOFL"
it will end with the Death of the Credit ratings of Soverign nation states and more power for the financial institutions........shocker
[edit on 25-2-2009 by cpdaman]
[edit on 25-2-2009 by cpdaman]