TALF Bait and Switch

22 03 2009

Tyler Durden has this incredibly good analysis of Geithner’s new plan.  Makes me sad.  How can anyone deny that we are now officially a kleptocracy?  This crap is usually tried in third world developing countries.  I wish somebody told me 15 years ago that the financial class would be our new aristocracy.   I would have joined – and then burned it down from the inside.

Durden’s graph:




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