Auctioning your headaches: Part 1, the why
Last week, to the delight of Wall Street and as reported in the Wall Street Journal, Treasury Secretary Geithner finally unveiled the long-awaited financial-recapitalization plan for up to $1,000,000,000,000 worth of complex non-performing securities, in what the administration inelegantly named the Public-Private Investment Program (PPIP).
“A PPIP structure will bring fast fast fast relief!”
WASHINGTON — [...]
