In what is otherwise the least humorous piece ever by Andy Kessler, he suggests a possible upside to the Wall Street bailout:
My analysis suggests that Treasury Secretary Henry Paulson (a former investment banker, no less, not a trader) may pull off the mother of all trades, which could net a trillion dollars and maybe as much as $2.2 trillion — yes, with a “t” — for the United States Treasury.
One response
Charles,Thanks for posting this one. It’s a great way to sell the idea to the US– you didn’t just take out a huge loan. Instead, you picked up a great investment.