Bailout or bonanza? Part 1: what do you do?
Is the Treasury asset recapitalization program (TARP) a bailout for Wall Street, or a bonanza for taxpayers?
Wanna make a bet about it?
That depends on a critical question: Will Treasury pay too much or too little for the assets?
What, you think I know? I just work here.
With the inevitability effect [Blog post on this subject [...]
