PPIP down the tubes.....Needs modification.

Discussion in 'Trading' started by athlonmank8, Apr 3, 2009.

  1. THIS is serious shit.

    The govt leverage is what kills this plan. The government SHOULD NOT leverage this program.**** It's an easy fix

    Karl mentioned this the day this program came out......Props to him.

    Finally out on CNBC.

    http://www.cnbc.com/id/30024730

     
  2. This program automatically inflates toxic asset values through the leverage the government provides.

    Without the leverage we would find a TRUE value. Until then this program will not work.

    Is the government really this damn stupid?

    Take the gov't backstop out and you have a TRUE market discovering TRUE prices. Risk is skewed because of gov't involvement thus making the taxpayer pay for the inflated prices.

    THis is just on top of the fact that these co's can go in and bid on this stuff.