Monday, November 23rd, 2009

Posts Tagged ‘ Backed Securities ’

Why ‘Bailout Purgatory’ Is Bad for Everybody

May 5th, 2009 | By Contrarian Profits | Category: Notes From the Investment Underground

Bailout purgatory is bad for everybody, apart from the banks, their shareholders and their unsecured creditors. As Roubini points out, the government has been siphoning money into banks via capital injections, loan guarantees and financing with no strings attached.