the whole idea is to free up debt to let the banks start lending again...do you really they will lend money? no way.
Also: First, they will use government resources in the form of capital from the Treasury, and financing from the FDIC and Federal Reserve, to mobilize capital from private investors. Second, the Public-Private Investment Program will ensure that private-sector participants share the risks alongside the taxpayer, and that the taxpayer shares in the profits from these investments. These funds will be open to investors of all types, such as pension funds, so that a broad range of Americans can participate."
Isnt this more direvatives? and more toxic waste? Just in a different location?
It's all bs.. everyone on Obama's administration is from Wall Street.. it's a MM game and they are trying to screw the ppl for the banks.. it's obvious when someone is willing to present an idea as stupid as this one.
the real problem is that "they" can free up the credit markets all they want.
WHO IS GOING TO TAKE ON MORE DEBT????
the average americans wages are FALLING and/or their jobs are unstable in many cases.
the WORLD took on 100 times as much debt as they could possibly handle, and now the government idiots think they are going to fix the problem with more Heroin???
sheer lunacy and a Keynesian pipe dream.....even Keynes himself said it..
"IN THE END (of the credit fantasy) WE ARE ALL DEAD"
bottom line is that you cant pay a debt with a debt, and thats why your children and grand children are gonna be pissed when 90% of what their wages are confiscated....and you should be ashamed to have allowed it to happen