random notes

Friday, March 13, 2009

Failing ‘Giveaway’

The Treasury’s program to inject capital into financial institutions in return for warrants was “not only a giveaway, but a giveaway that was designed not to work,” he said.

The financial industry, which has run up more than $1.2 trillion in losses and writedowns since mid-2007 and whose cooperation Obama needs to resolve the economic crisis, is “ethically challenged,” he said.

... they optimized the system to kill the cow ...
... and now they are surprised they are out of milk ...

# posted by intcoex : 5:13 AM

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