The tale just keeps getting funnier and funnier!
Now the Treasury is contracting with one of the biggest bond fund managers in the business, Pimco (a German subsidiary of Allianz SE of Munich, DE) to help manage the commercial paper buying operations of the $700 Billion USD bail-out bill. These are some of the people complicit in creating this whole mess and have "skin in the game" when it comes to getting bailed out. What rogue's gallery, eh?
That just goes to show you that the LOUC (law of unintended consequences) is going to play out here.
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