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None Dare Call It A Bailout

Although the media reports about TARP's being repaid are false, remember that TARP is not the Bailout.  Using TARP as a metonymn for the bailouts is a trick.  The Bailout went well beyond TARP.  The Bailout is ongoing.  The Bailout is sneaky. Here is the latest example:  [F]oreign investors are moving money to emerging markets in part to take advantage of a growing gap between near-zero interest rates in the United States and Japan, and rising rates in India, Brazil and elsewhere. A key benchmark rate set by the Reserve Bank of India stands at 6 percent, up 1.25 percent since March. As the difference between rates grow, traders can make more money by borrowing cheaply in dollars and yen and investing that money in higher yielding stocks and bonds in developing economies...continue to full post

Full post as published by Crime & Federalism on October 15, 2010 (boomark / email).