Friday, October 1, 2010

I Take Credit For TARP

I'm proud of my early support for banking industry bailouts. One of my hopes was that we could buy cheap distressed assets and sell them for a profit while rescuing the economy. That may have happened, and if it didn't, we just about broke even.

Financial industry buddy Ó Coileáin tells me that we could've made even more money if we didn't let AIG renegotiate deals to its benefit and our detriment after we made them.
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