U.S. Is Investing $250 Billion in Banks
From the NY Times: U.S. Is Investing $250 Billion in Banks
“These measures are not intended to take over the free market,� he said, but to safeguard it.
Eerily mimics the famous line from Vietnam: "We had to destroy Ben Tre in order to save it".
Question: Does this increase or decrease the likelihood of infrastructure privatization?
1) Decrease: the Borg must assimilate all private assets
2) Increase: the Borg must sell off infrastructure/land/other assets to pay for its banks. The "golden share" strategy will grease the wheel of privatization.
Comments
Banks are still going to have a very tough time going into 2009, there will be a buying opportunity at some point.
Posted by: investing | November 13, 2008 12:18 PM