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Geithner's gift to Wall Street

Quicklink submitted By   Follow Me on Twitter     Message Scott Baker     Permalink
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It's all over now, the Banks frankly own the place, the 'place' being America. How would you like a non-recourse government-backed loan at <3% interest for 94% of an asset where you get paid an unlimited amount as quickly for your 6% as the government does for its higher risk 94%? Oh, you can walk away & not pay if it doesn't work out. Sorry, if you are not a hedge fund, don't apply. How TALF may make you want to BARF.

Read the rest of the story HERE:

At money.cnn.com

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