Academic

THE COUNTRY?S IN THE VERY BEST OF HANDS: US ?sham? bank bail-outs enrich speculators, says buy-out ?

By Glenn Reynolds

THE COUNTRY’S IN THE VERY BEST OF HANDS: US ’sham’ bank bail-outs enrich speculators, says buy-out chief Mark Patterson. “The US Treasury?s effort to stabilise the banking system through the TARP programme is a hopelessly ill-conceived policy that enriches speculators at public expense, according to the buy-out firm supposed to be pioneering the joint public-private bank rescues.”

Full post as published by Instapundit.com on May 15, 2009 (boomark / email).