Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Government's latest screw job is labeled as "profit opportunity"
Advertisement
Thursday, April 09, 2009
Text Size: increase text size decrease text size

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...

Read full article...

Topics: Bailout | Boondoggle
Facebook RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.