Thursday, November 20, 2008

Tranche 'em!

It looks like Citibank is ready for its next TARP infusion.

Meanwhile, Hank "Menace to the Markets" Paulson is hop-scotching in Simi Valley, giving a lecture that, in places, seems to border on a psychotic episode (I have to agree with Cramer about that).

He said, once, he was looking to invest alongside private capital.

Well, he could have seized the day to suggest that Prince Al-Waleed bin Talal's investment was "encouraging" and
"might suggest a way that TARP money can be allocated in the future". The mere suggestion could boost the immediate impact of that investment.

Instead, he misses the opportunity of the day, so that he can what? Lecture to the Reagan faithful about regulation?

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