Wednesday, April 29, 2009

When grownups give money, they make the rules

That's the thing about the "bailouts". Grown ups only give if they get. Now that the grown ups are in charge in Washington, it turns out that the getting is not worth the giving.

So . . they don't seem to want any more public money. I'm thinking that anyone out there who is making money from the public should see how the winds are shifting. The kerfuffle in Buffalo and NYC are the canaries in the mine.
Citigroup scrambles to raise capital:
"However, with days to go before the results of the tests are announced, Citi, which has been bailed out three times by the authorities, is looking for ways to avoid receiving more government help if the authorities insist on an increase in capital."

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