What type of investor acts like our Treasury department?
As an investor, I would never take my money and invest it in a fund that wouldn't tell me what companies it holds, or even what *criteria* it follows in selecting companies to invest in. I'd never invest in a fund that wouldn't tell me if the companies it buys are "penny stocks" or F500 companies.
Why would I, then, as a tax payer, give $700 billion to the Treasury to invest in random financial companies, without any guidance as to why they're being purchased, or whether they're even solvent?
And that's Dodd's plan! Paulson's was just to give the money away without getting any equity in return!
These people make me sick.
Why would I, then, as a tax payer, give $700 billion to the Treasury to invest in random financial companies, without any guidance as to why they're being purchased, or whether they're even solvent?
And that's Dodd's plan! Paulson's was just to give the money away without getting any equity in return!
These people make me sick.
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