Legal Commentary

Eric Cantor Is Right About The Geithner Plan

By Big Tent Democrat

Via TPM:

As described, the plan seems to offer little incentive for private investors to participate unless the subsidy is made so rich that it comes at the expense of the taxpayer. In its current form, Secretary Geithner's plan is a shell game that hides the true cost of the program from the taxpayers that will be asked to pay for it. Six months after Congress debated the first TARP, it is inexcusable that taxpayers still have not been told their true exposure.

That's right. Eric Cantor's critique of the Geithner Plan is correct.

Speaking for me only

Full post as published by TalkLeft on March 23, 2009 (boomark / email).