Obama And Geithner Try To Team Up With Their Enemies

Mar 8, 2009

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Obama And Geithner Try To Team Up With Their Enemies.

“My plan is so complicated and above your pay grade I don’t even have words to explain it in a way you can understand.”
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“Come on Helicopter Ben–we’ll just use a bunch of jargon and hopefully these idiots will fall asleep.”
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“What time is it? I’ve got a reservation at the Cafe Promenade.”
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How I Learned to Stop Worrying and Love Hedge Funds

The Obama administration has announced a plan to join forces with private equity firms and hedge funds to forge public-private partnerships to reverse the housing and credit crisis. This comes after weeks of threatening the rich with income and capital gains taxes, calls for a “redistribution of wealth” and pushing for a “cram down” on home mortgages. Something doesn’t seem right.