There it is: US buys bank stakes

in what is described as a first since the great depression. The TARP is being put to good use. Remember $1 from TARP translates into $10 liquidity if invested as capital in banks. Hopefully this will prompt the banks to start lending again, by force if needed, instead of just putting it back in US Treasuries :)

Comments

Popular posts from this blog

Thug vs Thug: Porsche 1, Hedge Funds: 0

Madrid Blog--We get sued

Houston, We have a central-bank-run!