As our Prompter in Chief loves to say, “Let me be clear!”
This proposal to buy toxic assets by Treasury Secretary Geithner is nothing more than a huge Ponzi scheme!
The banks will now be able to use our taxpayer money via the TARP funds to invest a fractional amount into the very assets that caused the taxpayers to give the banks TARP money in the first place. And THEY get to profit from their own mistakes with OUR money? In what world is this not a Federally funded Ponzi scheme?