Tuesday, March 24, 2009Geithner's Big New Plan is to lever up to $1 trillion and use the leverage to buy the private sector's leverage.
What is levering up? Oh that's right. It's borrowing money, using other borrowed money as collateral - a process that flourishes uncontrollably in unregulated markets on the brink of catastrophe.
Posted by Penn @ 4:28 PM | |