Once Again, Privatizing Gains While Socializing Losses

Once again, in little more than a decade, the powers that be have facilitated the privatization of gains (subprime corporate debt buyers made great hay while the makin was good), and the socialization of losses (stuck the taxpayer with the garbage when the risk came home to roost). 

So, think of the wife as the taxpayer, think of the husband as the Fed, think of the bottles as all of the insolvent debt that the Fed effectively removed from the hedge fund and private equity firms’ portfolios — and placed onto the taxpayer’s — and think of the cream as all of the stimulus:

Share:
Share on linkedin
Share on facebook
Share on twitter
Share on email
Share on pinterest

Recieve Between the Lines Posts to your Inbox

Sign up for lorem ipsum delores sin.

We care about the protection of your data. Read our Privacy Policy.