Scary as Hell
Actually let me take that back for I have never experienced Hell - I am however experiencing a financial crisis. Besides being scary and a bit intimidating, it's a mess, such a mess!
I won't go into any details in the much anticipated treasury plan which has been unveiled today, besides it's probably written in every paper/news articles imaginable with more point of views than you can handle to rid us of this mess - U.S. woos investors to buy toxic asset.
And if I must add my two cents worth? MARKETING 101 FAIL, FAIL!!
Using the term Toxic? Fail. The approach? Questionable.
Consider this,
How would you like to partner with Uncle Sam (consider how hard we tried to ban the bonuses from AIG employee, and for those that got away, we have now imposed a 90% tax rate on those bonuses almost overnight, so either way, we're getting the money back - win! er) to buy up TOXIC assets? It's cheap toxic assets?
No, thank you very much.
Afterthought:
I do support the new administration. The only thing I detest lately is the Big Brother approach.
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