Tags: bailout | bonds | white | house

Bailout Bonds for Small Investors Floated

Thursday, 09 Apr 2009 10:08 AM

As part of its sweeping plan to purge banks of troublesome assets, the Obama administration is encouraging several large investment companies to create the financial-crisis equivalent of war bonds: bailout funds.

The idea is that these investments, akin to mutual funds that buy stocks and bonds, would give ordinary Americans a chance to profit from the bailouts that are being financed by their tax dollars. But there is another, deeply political motivation as well: to quiet accusations that all of these giant bailouts will benefit only Wall Street plutocrats.

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As part of its sweeping plan to purge banks of troublesome assets, the Obama administration is encouraging several large investment companies to create the financial-crisis equivalent of war bonds: bailout funds.The idea is that these investments, akin to mutual funds that...
bailout,bonds,white,house
94
2009-08-09
Thursday, 09 Apr 2009 10:08 AM
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