26 March 2009

Young Jeezy Tells It How It Is...

The U.S. government is basically using the taxpayer to guarantee against downside risk on the value of these assets, while giving the upside, or potential profits, to private investors, “Quite frankly, this amounts to robbery of the American people. I don’t think it’s going to work because I think there’ll be a lot of anger about putting the losses so much on the shoulder of the American taxpayer.”
-Nobel Prize-winning economist Joseph Stiglitz comments on the newly unveiled Toxic Assets Plan


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