By Daily Crux Editor, Sean Goldsmith:
Here's your big chance to profit from the massive boondoggle that is the government bailout...
Just pony up more money to invest in a "bailout fund." These funds, which will be managed by the world's largest investors - Pimco, BlackRock, etc. - will own America's most troublesome assets... the very mortgage-backed securities that started the housing debacle.
"It's giving the guy on Main Street an equal seat at the table next to the big guys," says BlackRock executive Steven Baffico.
Come on Steve... is "the guy on Main Street" going to earn a ton of management fees no matter what the fund performance is? No... the guy on Main Street is just getting another chance to lose money as the value of mortgage assets lose even more value...
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