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IPFS News Link • Economy - Economics USA

Treasury to Invest in `Healthy' Banks, Kashkari Says (Update3)

10-13-2008 • Bloomberg.com

Oct. 13 (Bloomberg) -- Neel Kashkari, the U.S. Treasury official overseeing the $700 billion rescue of the financial system, said government equity injections will be aimed at ``healthy'' firms. (He went to Treasury from Wall Street with Paul

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Reported By Ernest Hancock

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1 Comments in Response to Treasury to Invest in `Healthy' Banks, Kashkari Says (Update3)

Comment by Fascist Nation

Entered on: 10/13/2008 2:52:35 PM

Of course if they were healthy they wouldn't need a bailout.

Of course if the liquidity were not illiquid they wouldn't need a bailout.

Of course if the folks getting the taxpayer's loot weren't your friends they would be gathering in the unemployment lines along with the former taxpayers.

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