The Treasury’s Public-Private Investment Program will use $75 billion to $100 billion of government funds to finance sales of as much as $1 trillion in distressed mortgage-backed securities and other assets.

Via CR. Remember that 15 billion in flush money we gave to GM? Something tells me this will be more flush money. Also, they have the figures backwards – the PPIP program calls for 93% .Gov investment and 7% investor skin in the game. So we’re not going to flush $75 to $100 billion, we’re going to flush $930 billion. Honestly, why should we trust these guys? They’re still the same people that have been fucking up all along.

Tags: bitch bitch bitch, depression 2.0, no really we're really fucking fucked this time

This entry was posted on Wednesday, May 20th, 2009 at 09:18.