Private Investors to Be Tapped in New Obama Bailout Plan

“Wall Street helped produce the global financial and economic crisis. Now, as the Obama administration prepares to unveil a revised bailout plan for the banking system, policy makers hope Wall Street can be part of the solution. Administration officials said the plan, to be announced Tuesday, was likely to depend in part on the willingness of private investors other than banks — like hedge funds, private equity funds and perhaps even insurance companies — to buy the contaminating assets that wiped out the capital of many banks.” (New York Times, Monday)



Will they be made an offer they can’t refuse?



FEE Timely Classic

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