LANGREITER.COM plain, simple | |||||||
START INDEX | |||||||
"Q: What is the Geithner Plan? / A: The Geithner Plan is a trillion-dollar operation by which the U.S. acts as the world's largest hedge fund investor, committing its money to funds to buy up risky and distressed but probably fundamentally undervalued assets and, as patient capital, holding them either until maturity or until markets recover so that risk discounts are normal and it can sell them off--in either case at an immense profit." J. Bradford DeLong: The Geithner Plan FAQ In short: Since the dynamics unleashed by the synergetic combination of rampant speculation and large-scale governmental risk distortion were such a resounding success last time 'round ... let's do more of that! "Q: What if markets never recover, the assets are not fundamentally undervalued, and even when held to maturity the government doesn't make back its money? / A: Then we have worse things to worry about than government losses on TARP-program money--for we are then in a world in which the only things that have value are bottled water, sewing needles, and ammunition." From the comments: "Maybe we can hire a few hedge fund managers to revive the Dutch tulip futures market, too." "Excellent intelligent summary. I have obtained the bottled water and sewing needles, the ammo is on order." And: Paul Krugman's response. |
SEARCH
GET YOUR MOVE ON ALMOST ALL ABOUT YOU So log in, fella — or finally get your langreiter.com account. You always wanted one. Nearby in the temporal dimension: Nobody. ... and 22 of the anonymous kind. Click on for a moderate dose of lcom-talk. This will probably not work in Lynx and other browser exotica. THIS DAY IN HISTORY 2009 / 2008 / 2006 / 2004 / 2003 / 2002 BACKLINKS none RECENT EDITS (MORE) films-seen Blood Stone y!kes wet towel B Studio Pilcrow News Nastassja Kinski 2011-10-06-steve 2011-10-06 comment-2011-08-04-1 POWERED BY &c. GeoURL RSS 0.92 FRIENDLY SHOPS Uncut Games bei Gameware OFFEN! Offenlegung gem. §25 MedienG: Christian Langreiter, Langkampfen See also: Privacy policy. |