"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
Thursday, October 30, 2008
Mash the gas and hold it to the floor baby, we be lending!
From our friends at Cumberland Advisors: Look at all the pretty colors that new and creative lending comes in. BTW Maiden Lane is the first write off for the Fed from the AIG purchase. Any writedowns by the Fed ultimately come from Treasury revenues.
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